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

Policy and Procedures

Policy and Procedures relating to Continuing Education, Training and Professional Development prescribed in terms of Section 7(1)(C) of the Auditing Profession Act, 26 of 2005

6. Non-Compliance with the Policy
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6.1 Noncompliance in the context of CPD means that the RA did not meet the prescribed CPD requirements based on the output-based approach identified through the monitoring process. In addition, those RAs who are classified as non-responders are also considered to be non-compliant. Non responders are the RAs who do not respond to the request to make submissions for the CPD monitoring after more than one attempt from the CPD team.

 

6.2RAs who are non-compliant, shall result in their registration status with the IRBA not being renewed on determination of non-compliance after such efforts at remediation have failed.

 

6.3 RAs whose registration have been terminated in terms of paragraph 6.2 above may request reinstatement within the same financial year as being terminated, upon submission of the outstanding documentation. Such documentation will be referred to the Education and Transformation Department for a determination whether such documentation is sufficient. Only upon the Education and Transformation Department’s approval will the RAs registration be reinstated. If the RA does not request reinstatement in the same financial year, the RA will be required to apply for re-registration.

 

6.4 Should the monitoring process indicate that an RA has submitted a CPD declaration that is not an accurate reflection of their CPD activities, the IRBA shall institute an investigation which could lead to disciplinary measures against that RA.