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 B : Registered Auditors in Public Practice

Section 290 : Independence-Audit and Review Engagements

Those Charged with Governance
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290.28 Even when not required by the Code, applicable auditing standards, law or regulation, regular communication is encouraged between the firm and those charged with governance of the audit client regarding relationships and other matters that might, in the firm's opinion, reasonably bear on independence. Such communication enables those charged with governance to:
(a) consider the firm's judgments in identifying and evaluating threats to independence;
(b) consider the appropriateness of safeguards applied to eliminate them or reduce them to an acceptable level; and
(c) take appropriate action. Such an approach can be particularly helpful with respect to intimidation and familiarity threats.