Staff Practice Alerts

Where necessary, IRBA Staff Practice Alerts are developed to meet local requirements.

IRBA Staff Practice Alerts do not constitute authoritative pronouncements from the IRBA, nor do they amend International Standards, South African Standards, South African Practice Statements or South African Guides.

IRBA Staff Practice Alerts may comprise:

  • IRBA Staff Review Engagements Practice Alerts – currently none;
  • IRBA Staff Assurance Engagements Practice Alerts – currently none;
  • IRBA Staff Related Services Practice Alerts – currently none;
  • IRBA Staff Audit Practice Alerts: 

INFORMATION FOR USERS:

With the publication of the IRBA Staff Audit Practice Alert 3: The Audit Implications of International Financial Reporting Standard 15, Revenue from Contracts with Customers, the IRBA has started numbering IRBA Staff Audit Practice Alerts. The IRBA Staff Audit Practice Alert: The Audit Implications of the Expected Credit Loss Model for the Auditors of Banks (issued September 2016) and the IRBA Staff Audit Practice Alert: Determining Other Information as Defined in ISA 720 (Revised) in the South African Context (issued April 2017), may be considered as IRBA Staff Audit Practice Alerts 1 and 2, respectively.

Title Date issued Effective date Download

IRBA Staff Audit Practice Alert 5: The Auditor's Considerations with respect to Transactions that are not at Arm's Length

June 2020 Immediate PDF
IRBA Staff Audit Practice Alert 4: A South African Perspective on the Auditor’s Considerations Relating to Fraud June 2020 Immediate PDF
IRBA Staff Audit Practice Alert 3: The Audit Implications of International Financial Reporting Standard 15, Revenue from Contracts with Customers November 2019 Immediate PDF
IRBA Staff Audit Practice Alert: Determining Other Information as Defined in ISA 720 (Revised) in the South African Context April 2017 Withdrawn  
IRBA Staff Audit Practice Alert: The Audit Implications of the Expected Credit Loss Model for the Auditors of Banks (Updated for alignment to the IRBA Code of Professional Conduct (Revised November 2018)) November 2019   PDF
IRBA Staff Audit Practice Alert: The Audit Implications of the Expected Credit Loss Model for the Auditors of Banks Sept 2016 Immediate PDF

Link to relevant guidance on IFRS 9 and the ECL model

Link to relevant guidance on Fraud

Related communiques