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

Board Notices

Independent Regulatory Board for Auditors

New Rules Regarding Improper Conduct and Code of Professional Conduct for Registered Auditors

Code of Professional Conduct for Registered Auditors

Part A : General Application of the Code

Section 110 : Integrity
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110.1 The principle of integrity imposes an obligation on all registered auditors to be straightforward and honest in all professional and business relationships. Integrity implies fair dealing and truthfulness.

 

110.2 A registered auditor shall not knowingly be associated with reports, returns, communications or other information where the registered auditor believes that the information:
(a) Contains a materially false or misleading statement;
(b) Contains statements or information furnished recklessly; or
(c) Omits or obscures information required to be included where such omission or obscurity would be misleading.

 

When a registered auditor becomes aware that the registered auditor has been associated with such information, the registered auditor shall take steps to be disassociated from that information.

 

110.3 A registered auditor will be deemed not to be in breach of paragraph 110.2 if the registered auditor provides a modified report in respect of a matter contained in paragraph 110.2.