Auditing Profession Act, 2005 (Act No. 26 of 2005)

Chapter II : Independent Regulatory Board for Auditors

Part 2 : Functions of Regulatory Board

5. Functions with regard to accreditation of professional bodies

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The Regulatory Board must, subject to this Act

(a)prescribe minimum requirements for accreditation of professional bodies in addition to those provided for in this Act;
(b)consider and decide on any application for accreditation and grant such accreditation in full or in part;
(c)prescribe the period of validity of the accreditation;
(d)keep a register of accredited professional bodies and decide on—
(i)the register to be kept;
(ii)the maintenance of the register; and
(iii)the reviewing of the register and the manner in which alterations thereto may be effected; and
(e)terminate the accreditation of professional bodies in accordance with this Act.