The IRBA is a juristic person, established in terms of Section 3 of the Auditing Profession Act 26 of 2005 (APA).
The IRBA is mandated to:
| 1.1.1 | Take steps to promote the integrity of the auditing profession, including: |
| 1.1.1.1 | Investigating alleged improper conduct; |
| 1.1.1.2 | Conducting disciplinary hearings; |
| 1.1.1.3 | Imposing sanctions for improper conduct; and |
| 1.1.1.4 | Conducting inspections. |
| 1.1.2 | Take steps it considers necessary to protect the public in their dealings with registered auditors (RAs). |
| 1.1.3 | Prescribe standards of professional competence, ethics and conduct of registered auditors. |
| 1.1.4 | Encourage education in connection with, and research into, any matter affecting the auditing profession. |
| 1.1.5 | Prescribe auditing standards. |
| 1.2 | Functions regarding the accreditation of professional bodies |
The IRBA, subject to the APA:
| 1.2.1 | Prescribes minimum requirements for the accreditation of professional bodies, in addition to those provided in the APA; |
| 1.2.2 | Considers applications for accreditation and decides whether or not to grant such applications; |
| 1.2.3 | Prescribes the period of validity of the accreditation; |
| 1.2.4 | Keeps a register of accredited professional bodies; and |
| 1.2.5 | Terminates the accreditation of professional bodies in accordance with the APA. |
| 1.3 | Functions with regard to the registration of auditors |
The IRBA, subject to the APA:
| 1.3.1 | Prescribes minimum qualifications, competency standards and requirements for the registration of auditors and candidate auditors, in addition to those provided for in the APA. |
| 1.3.2 | Considers and decides on any application for the registration of auditors and candidate auditors. |
| 1.3.3 | Prescribes the period of validity of the registration of a registered auditors (RAs) and registered candidate auditors (RCAs). |
| 1.3.4 | Keeps a register of RAs and RCAs; |
| 1.3.5 | Ensures that the register of RAs and RCAs is at all reasonable times open to inspection by any member of the public. |
| 1.3.6 | Terminates the registration of RAs and RCAs in accordance with the APA. |
| 1.3.7 | Prescribes minimum requirements for the renewal of registration and re-registration. |
| 1.4 | Functions with regard to education, training and professional development |
The IRBA:
| 1.4.1 | In full or in part, recognises and/or withdraws its recognition of the educational qualifications or programmes or continued education, training, and professional development programmes in the auditing profession of educational institutions and accredited professional bodies. |
| 1.4.2 | Recognises and/or withdraws the recognition of any accredited professional body to conduct any qualifying examination contemplated in Section 37 of the APA or any such examinations. |
| 1.4.3 | Prescribes requirements for and conditions relating to the nature and extent of continued education, training, and professional development. |
| 1.4.4 | Prescribes training requirements, including, but not limited to, the period of training and the form of training contracts. |
| 1.4.5 | Approves and registers training contracts entered into by prospective registered auditors. |
| 1.4.6 | Prescribes competency requirements. |
| 1.4.7 | Either conditionally or unconditionally, recognises or withdraws the recognition of RAs as training officers. |
| 1.5 | Functions with regard to fees and charges |
The IRBA prescribes:
| 1.5.1 | Accreditation, registration, registration renewal and re-registration fees. |
| 1.5.3 | The date on which any fee is payable. |
| 1.5.4 | The basis for assurance fees payable as per the APA. |
| 1.5.5 | Fees payable for any other service rendered by the IRBA (including administrative fees). |
| 1.5.6 | The IRBA may grant an exemption from payment of any fees referred to above. |
