IRBA NEWS LETTER

13 / 22

Issue 35 | July-September 2016 13
The respondent was sentenced to a fine of R80,000, of which
R40,000 has been suspended for three years on condition that the
respondent is not found guilty of unprofessional conduct committed
during the period of suspension, no costs order and publication in
general terms.
Matter 18 – The matter arose from a referral by the Inspections
Department. The respondent issued an inappropriate assurance
opinion to the Law Society as the respondent failed to obtain
sufficient appropriate audit evidence to support the conclusion
relating to interest earned on the investment trust accounts.
The respondent was sentenced to a fine of R80,000, of which
R30,000 has been suspended for three years on condition that the
respondent is not found guilty of unprofessional conduct committed
during the period of suspension, no costs order and publication in
general terms.
Matter 19 – The matter arose from a referral by the Inspections
Department. The respondent failed to obtain sufficient appropriate
audit evidence relating to the selected engagement as there were
numerous instances of noncompliance with International Standards
on Auditing.
The respondent was sentenced to a fine of R50,000, of which
R25,000 has been suspended for three years on condition that the
respondent is not found guilty of unprofessional conduct committed
during the period of suspension, no costs order and publication in
general terms.
Matter 20 – The matter arose from a referral by the Inspections
Department. The respondent failed to obtain sufficient appropriate
audit evidence relating to the selected engagement as there were
numerous instances of noncompliance with International Standards
on Auditing.
The respondent was sentenced to a fine of R80,000, of which
R40,000 has been suspended for three years on condition that the
respondent is not found guilty of unprofessional conduct committed
during the period of suspension, no costs order and publication in
general terms.
Jillian Bailey
Director Investigations
Telephone: (087) 940-8800
E-mail:
INVESTIGATIONS c o n t .