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

Board Notices

Independent Regulatory Board for Auditors

Fees Payable to the IRBA with effect from 1 April 2023

Board Notice 405 of 2023
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Board Notice 405

17 March 2023

GG 48221

 

The Fees Payable to the IRBA with effect from 1 April 2023

 

1.

Registration as an auditor:

 

1.1Individual registration fee, payable on application for registration

R13 500.00

1.2Proficiency interviews fee, payable on notification of interview (Application of the “Three-Year Rule”)

R2 640.00

1.3Firm registration, payable on application of registration

R6 730.00

1.4Administration fee for cancellation or withdrawal from 1.1, 1.2, 1.3 above (Recovery of cost)

15% of the above applicable 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.

 

2.1Annual renewal of registration payable by any person, as long as he/she remains as an auditor

R10 710.00

2.2Administration fee for reinstatement of an annual renewal (not limited to reinstatements after lapsing).

R5 355.00

3.

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

 

3.1 Training contract

R3 530.00

4.

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

 

4.1Audit Development Programme.

R7 600.00

4.2Administration fee for cancellation or withdrawal from 4.1. above (Recovery of cost):

 

•Registered Candidate Auditor (RCA) resigns within six (6) months. The IRBA has not conducted an introductory visit and an inspection visit

15% of the above fee

•(RCA) resigns within six (6) months. The IRBA has conducted an introductory visit, but not an inspection visit

50% of the above fee

•(RCA) resigns within six (6) months. The IRBA has conducted an introductory visit and an inspection visit

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 400.00

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 880.00

7.

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

R2 880.00

8.
•Accreditation fees for professional bodies:

 

– Application fee

Payable on application (non-refundable)

R74 040.00

– 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

R2 194 330.00

•Annual monitoring fee - Payable annually

R861 750.00