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

1.

Registration as an auditor:

R10 210.00

(Application of the “Three-Year Rule”)

R1 730.00

R1 050.00

15% of the above applicable fee

Note: No firm registration fee is payable and the registration fee includes the first-year annual fee.

2.

The annual renewal of registration fees payable by any individual registered as an auditor shall become due and payable on 1 April of every calendar year.

R8 100.00

R2 100.00

R4 050.00

R1 050.00

Note: Requests for reinstatement will be processed up until 31 January 2020.  No applications for re-registration by RAs who fail to pay any of the above annual fees will be processed before 1 February 2020.

3.        

Once-off fees payable in respect of registration of training contracts:

R2 680.00

4.

Once-off fees payable in respect of registration of an Audit Development Programme contract:

4.1        Audit Development Programme (ADP)

R6 120.00

15% of the above fee

50% of the above fee

100% of the above fee

5.

ADP monitoring cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R1 080.00

6.

Inspection cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R2 200.00

7.

Hourly rate for actual time spent carrying out any other service rendered by the IRBA

R2 200.00

8.

Assurance fees

R2 500.00

5% of additional fees due

9.

Accreditation fees for professional bodies

Application fee

Payable on application (non-refundable)

R55 990.00

Evaluation fee (up to a maximum of)

Payable on progress

Should the professional body withdraw its application for accreditation, the IRBA will charge for recovery of costs incurred

R1 658 990.00

Annual monitoring fee - Payable annually

R651 520.00