Exposure Drafts and Comment Letters

Comments are invited on the under mentioned exposure drafts, within the comment deadline date. Comments may be emailed to the Standards Department at standards@irba.co.za. Please note that comments will be regarded as being on public record unless confidentiality is requested.

Title Issue Date Comment date Submitted comment letters Section

Board Notice 167 of 2017

IESBA's Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements

14 September 2017 24 November 2017   Auditor Ethics
Proposed SAAPS 2 (Revised 2017), Financial Reporting Frameworks and the Auditor’s Report 31 August 2017 30 November 2017   Auditing Standards

Board Notice 107 of 2017

IESBA’s Proposed New Guidance for Professional Skepticism and Professional Judgment

24 May 2017 Comment period closed No comment letters received Auditor Ethics
Exposure Draft: Proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures 20 April 2017 Comment period closed No comment letters received Auditing Standards

Board Notice 18 of 2017

IESBA’s Proposed Revisions Pertaining to Safeguards in the Code - Phase 2 and Related Conforming Amendments

  Comment period closed No comment letters received

Auditor Ethics

IESBA’s Exposure Draft on Improving the Structure of the Code of Ethics for Professional Accountants—Phase 2
Additional Information:
  Comment period closed No comment letters received Auditor Ethics
Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards   Comment period closed No comment letters received Auditing Standards
Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics   Comment period closed No comment letters received Auditing Standards
Proposed Revised Guide for Registered Auditors: Engagements on Attorneys’ Trust Accounts   Comment period closed Auditing Standards

Board Notice 153 of 2016

Proposed amendments to the IRBA Code of Professional Conduct responding to Non-compliance with Laws and regulations (Noclar) (Final amendment made to the IESBA Code of Ethics)

  Comment period closed Auditor Ethics
Proposed Guide for Registered Auditors: Considerations for an Auditor or a Reviewer of a Company which is Factually Insolvent   Comment period closed Auditing Standards

Board Notice - 11 of 2016

IESBA's Exposure Draft Improving the Structure of the Code of Ethics for Professional Accountants - Phase 1
IESBA Mapping Table Structure of Code Exposure Draft Phase 1

  Comment period closed No comment letters received Auditor Ethics

Board Notice - 11 of 2016

IESBA's Exposure Draft on Proposed Revisions Pertaining to Safeguards in the Code - Phase 1
Proposed Revisions Pertaining to Safeguards in the Code - Phase 1 Mapping Table

  Comment period closed No comment letters received Auditor Ethics

Board Notice – 2 of 2016

IESBA's Limited Re-exposure of Proposed changes to the Code Addressing the Long Association of Personnel with an Audit Client

  Comment period closed Auditor Ethics

Board Notice – 55 of 2016

Proposed Amendment to the Code of Professional Conduct for Registered Auditors relating to Custody of Client Assets

  Comment period closed  
Invitation to comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits   Comment period closed No comment letters received  
Proposed ISA 810 (Revised): Engagements to Report on Summary Financial Statements   Comment period closed    
Proposed Guide for Registered Auditors: Reporting Responsibilities of the Reporting Accountant Related to Property Entities in Terms of the JSE Listings Requirements   Comment period closed  
Proposed Amendments to the IAASB’s International Standards—Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations   Comment period closed    
Proposed SAAPS3 (Revised 2015) Illustrative Reports   Comment period closed
 
 
Proposed ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and Proposed ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement   Comment period closed    
Proposed Guide for Registered Auditors: Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme   Comment period closed   Auditing Standards
Proposed Changes to International Standards on Auditing (ISAs): Addressing Disclosures in the Audit of Financial Statements   Comment period closed   Auditing Standards 
Proposed Guide for Registered Auditors: Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme   Comment period closed   Auditing Standards
Proposed Changes to International Standards on Auditing (ISAs), Addressing Disclosures in the Audit of Financial Statements    Comment period closed   Auditing Standards
Proposed ISA 720 (Revised), The Auditor's Responsibilities Relating to Other Information and Proposed Consequential Amendments to Other ISA's    Comment period closed    Auditing Standards 
Proposed Guide for Registered Auditors: Engagements on Attorneys’ Trust Accounts    Comment period closed    Auditing Standards 
Proposed Guide for Registered Auditors – Guidance on Performing Audits on behalf of the AGSA    Comment period closed     Auditing Standards 
Proposed Guide for Registered Auditors – Guidance on Performing Audits where the AGSA has opted not to perform the audit    Comment period closed    Auditing Standards 
IAASB's Proposed New and Revised ISAs Reporting on Audited Financial Statements    Comment period closed    Auditing Standards 
Proposed SASAE 3501, Assurance Engagements on eXtensible Business Reporting Language (XBRL)    Comment period closed     Auditing Standards
Proposed SAAPS 6 (Revised), External Confirmations from Financial Institutions    Comment period closed  Auditing Standards 
Proposed Guide for Registered Auditors: Reporting on Financial Information Contained in Interim, Preliminary, Provisional and Abridged Reports   Comment period closed Auditing Standards 
Proposed ISA 720 (Revised), The Auditor's Responsibilities Relating to other information in Documents Containing or Accompanying Audited Financial Statements and the Auditors Report Thereon   Comment period closed   Auditing Standards 
Proposed Due Process Policy for the Development, Adoption and Implementation of South African Quality Control, Auditing, Assurance and Related Services Pronouncements   Comment period closed Auditing Standards 
Proposed South African Preface to the Standards on Quality Control, Auditing, Assurance and Related Services Pronouncements   Comment period closed Auditing Standards 
Invitation to Comment: Improving the Auditor's Report   Comment period closed   Auditing Standards 
Proposed SAAPS 3 (revised) Illustrative Reports   Comment period closed Auditing Standards 
A Proposed Guide for Registered Auditors: Audit of Predetermined Objectives   Comment period closed   Auditing Standards 
A Proposed Guide for Registered Auditors: Auditing in the Public Sector   Comment period closed   Auditing Standards
Consultation paper, Enhancing the Value of Auditor Reporting: Exploring Options for Change   Comment period closed   Auditing Standards
Proposed ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information   Comment period closed   Auditing Standards 
Proposed ISAE 3410, Assurance Engagements on Greenhouse Gas Statements   Comment period closed   Auditing Standards 
Discussion paper, The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications   Comment period closed   Auditing Standards 
Proposed ISRE 2400 (Revised), Engagements to Review Historical Financial Information   Comment period closed   Auditing Standards 
Consultation paper, Proposed IAASB Strategy and Work Program for 2012 – 2014   Comment period closed   Auditing Standards 
Proposed ISRS 4410, Compilation Engagements   Comment period closed   Auditing Standards 
Proposals relating to IAPSs:   Comment period closed   Auditing Standards 
Proposed Revised SAAPS 2, Financial Reporting Frameworks and the Auditor's Report   Comment period closed   Auditing Standards
Proposed ISA 610 (Revised), Using the Work of Internal Auditors and related enhancements to ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatements through Understanding the Entity and its Environment   Comment period closed   Auditing Standards 
Proposed ISAE 3420, Assurance reports on the process to compile pro forma Financial Information included in a Prospectus   Comment period closed   Auditing Standards 
Proposed South African Standard on Assurance Engagements 3502 : Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates   Comment period closed   B-BBEE Assurance
IESBA's Exposure Draft on Proposed Standard on Responding to Non-Compliance with Laws and Regulations (NoCLAR)

IESBA's At a Glance Summary

  Comment period closed on 14 August 2015   Auditor Ethics
Board notice No. 88 of 2015

Proposed Amendments to the IRBA Code of Professional Conduct relating to the Definition of Public Interest Entity (PIE)

  Comment period closed on 15 May 2015   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client   Comment period closed on 31 October 2014   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to Certain Provisions of the Code Addressing Non-Assurance Services for Audit Clients   Comment period closed on 4 August 2014   Auditor Ethics
Board Notice - 208 of 2013

Exposure Draft: Proposed Amendments to the Code of Professional Conduct for Registered Auditiors

  Comment period closed on 18 November 2013   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants to Address Illegal Acts   Comment period closed on 30 November 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants on the Definition of Those Charged with Governance   Comment period closed on 15 October 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants on the Definition of Engagement Team   Comment period closed on 18 May 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants Addressing Conflicts of Interest   Comment period closed on 23 March 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants Related to Provisions Addressing a Breach of a Requirement of the Code   Comment period closed on 16 January 2012   Auditor Ethics
Board Notice No. 157 of 2009

Request for comments, explanatory memorandum and exposure draft of Rules Regarding Improper Conduct

Exposure draft of Code of Professional Conduct for Registered Auditors

  Comment period closed on 31 March 2010 Auditor Ethics