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

Board Notices

Independent Regulatory Board for Auditors

Amendments to the Code of Professional Conduct for Registered Auditors

Board Notice 207 of 2022
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Board Notice 207

18 February 2022

GG 45930

 

Independent Regulatory Board for Auditors

 

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. NON-ASSURANCE SERVICES PROVISIONS

 

Please be advised that the revisions to the IRBA Code relating to Non-Assurance Services provisions 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.

 

Effective date

•For the revised Section 410 and consequential amendments to Part 4A: effective for audits of financial statements for periods beginning on or after 15 December 2022.
•For the revised Section 905, in relation to assurance engagements with respect to underlying subject matters covering periods of time, effective for periods beginning on or after 15 December 2022; otherwise, effective as of 15 December 2022.
•For conforming and consequential amendments to other Sections of the Code, effective as of 15 December 2022.

 

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