IRBA Newsletter Issue 54

Issue 54 | April-June 2021 19 The IRBA’s mission is to endeavour to protect the financial interests of the investing community by creating and enhancing regulatory tools and principles, to empower registered auditors to carry out their duties competently, independently and in good faith. Part of this mission entails performing inspections, in terms of Section 47 of the Auditing Profession Act, as amended. Therefore, inspections are a crucial regulatory function that gives effect to the IRBA’s mandate and strategy to protect the public interest by monitoring compliance and influencing auditors and relevant stakeholders to pursue consistent sustainable high audit quality that adheres to the highest standards, while maintaining good professional relationships. Ntlambi Gulwa Acting Director Inspections Telephone: (087) 940-8800 E-mail: inspections@irba.co.za INSPECTIONS cont.