Auditing Profession Act, 2005 (Act No. 26 of 2005)Board NoticesIndependent Regulatory Board for AuditorsPublic Practice Examination (PPE) - Examination Regulations3. Admission Requirements |
In terms of the Act, in order to gain admission to the PPE, the IRBA has instituted the following requirements: Successful completion of:
| 3.1 | a recognised academic programme. The only academic programme currently recognised by the IRBA is the Certificate in the Theory of Accountancy (CTA), or equivalent, offered by providers accredited by SAICA. |
| 3.2 | a recognised core assessment programme. The only core assessment programme that currently meets the recognition standards of the IRBA is Part I of the Qualifying Examination of SAICA. |
| 3.3 | a minimum of 18 months' practical training under a recognised training programme registered with the IRBA. The 18-month period should be completed prior to the first day of the month in which the examination is to be conducted in a specific year. In the case of trainee accountants who participate in the Academic Traineeship Programme (ATP) and who fail a recognised core assessment programme during the first year of their training contract, a minimum of 15 months' practical training is required under a recognised training programme that is registered with the IRBA. The 15-month period should be completed prior to the first day of the month in which the examination is to be conducted in a specific year. The only training programme currently recognised by the IRBA is the training contracts in public practice administered by SAICA and registered with the IRBA; and |
| 3.4 | a recognised education programme. The only education programme that currently meets the recognition standards of the IRBA is the auditing specialism course or equivalent, accredited by SAICA. This education programme will remain valid for admission purposes for a period of five calendar years, commencing after the calendar year in which the education programme was successfully completed. |