Auditing Profession Act, 2005 (Act No. 26 of 2005)Board NoticesIndependent Regulatory Board for AuditorsRevisions to the Code Addressing the Objectivity of an Engagement Quality Reviewer and Other Appropriate ReviewersBoard Notice 112 of 2021 |
Board Notice 112
3 September 2021
GG 45099
In accordance with the provisions of Section 10(1)(a) of the Auditing Profession Act, 2005 (Act 26 of 2005), the Independent Regulatory Board for Auditors (IRBA) hereby publishes revisions to the IRBA Code of Professional Conduct for Registered Auditors (IRBA Code).
| 1. | ADDRESSING THE OBJECTIVITY OF AN ENGAGEMENT QUALITY REVIEWER AND OTHER APPROPRIATE REVIEWERS |
Please be advised that revisions to the IRBA Code relating to addressing the objectivity of an engagement quality reviewer and other appropriate reviewers are now available and may be downloaded from the IRBA website at https://www.irba.co.za/guidance-for-ras/ethics:-the-rules-and-the-code/the-irba-code-revised-2018.
These revisions will become effective as follows:
| • | Part 4A: audits and reviews of financial statements for periods beginning on or after 15 December 2022. |
| • | Part 4B: assurance engagements beginning on or after 15 December 2022. |
| • | For all other engagements within the scope of Part 3: engagements beginning on or after 15 December 2022. |
Early adoption will be permitted.
For further assistance, enquires may be directed to Mr I Vanker, Director Standards, at the IRBA. Alternatively, please send an email to [email protected].
Imre Nagy
Acting Chief Executive Officer