Public Audit Act, 2004 (Act No. 25 of 2004)Chapter 3: AuditsPart 2: Audits of institutions by auditors in private practice25. Appointment of auditors |
| (1) | If the Auditor-General has opted not to perform the audit of an auditee referred to in section 4(3)— |
| (a) | the Auditor-General must give notice of his or her decision to that auditee before the start of the auditee’s financial year for which the appointment is to be made; and |
| (b) | the auditee must appoint as its auditor a person registered in terms of the Public Accountants’ and Auditors’ Act as an accountant and auditor and engaged in public practice as such. |
| (2) | Before appointing an auditor in terms of subsection (1), the auditee must give notice of the suggested appointment to the Auditor-General, including information on the extent to which the auditor would provide other services than audit services during the duration of the appointment, and any other information required by the Auditor-General. |
| (3) | If the Auditor-General, within 14 days of receiving a notice in terms of subsection (2), or such longer period as may be agreed to, rejects the auditee’s appointment, the auditee must in terms of that subsection recommence the process to appoint another person as its auditor. |
| (4) | Appointments in terms of this section may not be for a longer period than one financial year of the auditee. |