B-BBEE Assurance Engagements

B-BBEE Assurance Standard and other resources issued by the IRBA

This page contains a list of resources regarding B-BBEE Assurance Engagements.
Please Note The IRBA issued a communique on 4 March 2016 to inform B-BBEE approved registered auditors (BARs) of the IRBA Board's decision to withdraw from the regulation of the B-BBEE verification industry on 30 September 2016. The IRBA issued a communique on 2 August 2016 to inform BARs that, with respect to assurance engagements that have been entered into prior to 30 September 2016, a transitional period of 3 months, to 31 December 2016, will be allowed for the sign off of the verification certificates for these engagements. The IRBA issued a communique on 24 February 2017 withdrawing SASAE 3502, Revised South African Standard on Assurance Engagement (SASAE) 3502 Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates, with immediate effect. The documents provided on this page are for information purposes only.

Title	Date issued	Effective date	Download documents
Revised South African Standard on Assurance Engagement (SASAE) 3502 Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates	June 2016	Effective for B-BBEE Verification Certificates issued on or after 01 June 2016	PDF \| Word
Warning to Readers Registered auditors are alerted to the fact that SASAE 3502 (Revised) has not been updated for the International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information, which is effective for assurance reports dated on or after 15 December 2015, except for the illustrative independent auditor’s reports in Appendices A1 and A2, the illustrative engagement letter in Appendix C and the illustrative management representation letter in Appendix D which have been updated.
South African Standard on Assurance Engagement (SASAE) 3502 Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates	November 2012	Effective for B-BBEE Verification Certificates issued on or after 31 December 2012	PDF \| Word
Warning to Readers Registered auditors are alerted to the fact that SASAE 3502 has not been updated for the Broad-Based Black Economic Empowerment Amendment Act, (No. 46 of 2013) and the amended 2013 Codes of Good Practice. In addition, registered auditors are alerted to the fact that the SASAE has not been updated for International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information, which is effective for assurance reports dated on or after 15 December 2015. Auditors should ensure that any reports issued are in full compliance with both the Act and Standards.
Letter from the DTI: Update on the Independent Regulatory Board for Auditors' (IRBA) withdrawal from the Regulation of the Broad-Based Black Economic Empowerment (B-BBEE) verification industry	26 July 2016		PDF 64KB
Frequently Asked Questions (FAQs) on Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates	April 2014		PDF 158 KB
Letter Regarding Authority for Auditors to issue valid B-BBEE and EME Certificates	April 2014		PDF 200 KB

B-BBEE assurance related communiqués issued by the IRBA

Date of issue	Title of communiqué
24 February 2017	Withdrawal of SASAE 3502 (Revised), Assurance Engagements on Broad-Based Black Economic Empowerment Verification Certificates
05 September 2016	BEE Commission Information Session – Rustenburg
26 August 2016	Procedure for requesting a non-binding advisory opinion
02 August 2016	Update on the Independent Regulatory Board for Auditors' (IRBA) withdrawal from the Regulation of the Broad-Based Black Economic Empowerment (B-BBEE) verification industry
14 June 2016	The South African Standard on Assurance Engagements (SASAE) 3502 (Revised), Assurance Engagements on Broad-Based Black Economic Empowerment Verification Certificates, Including the Registered Auditor’s Limited Assurance Reports
04 March 2016	Update on the IRBA’s continued involvement in the Broad-Based Black Economic Empowerment (B-BBEE) Verification Industry
08 July 2015	Broad-Based Black Economic Empowerment (B-BEEE) Information Session For B-BBEE Approved Registered Auditors 2015
06 July 2015	Application impact of Amended Qualifying Small Enterprise (QSE) scorecard and Exempt Micro Enterprise (EME) requirements on the South African Standard on Assurance Engagements (SASAE) 3502
29 April 2015	Application impact of Amended 2013 Codes of Good Practice on the South African Standard on Assurance Engagements (SASAE) 3502
26 January 2015	Clarification on B-BBEE Verification Engagements performed in terms of the 2013 Codes of Good Practice
23 January 2015	Effect of the proclamation of the B-BBEE Amendment Act into law
09 April 2014	FAQs on Assurance Engagements on B-BBEE verification Certificates
13 December 2013	B-BBEE Verification Certificates and Exempted Micro Enterprise Certificates
06 November 2012	South African Standard on Assurance Engagements 3502, Assurance Engagements on B-BBEE Verification
30 August 2012	Proposed Future Dates for the National Standardised B-BBEE Management Development Programme
24 January 2012	Proposed South African Standard on Assurance Engagements 3502: Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates
21 December 2011	B-BBEE Amendment Bill issued for public comment: Broad-Based Black Economic Empowerment Amendment Bill 2011 Issued on Exposure by DTI
13 October 2011	Approval for Registered Auditors to provide B-BBEE Verification Assurance Services

Department of Trade and Industry (dti): legislation, Codes, gazettes and the Verification Manual

B-BBEE Approved Registered Auditors (BARs)

Find a BAR – list of approved BARs

Comments received on the above exposure draft:

The Association of BEE Verification Agencies (ABVA)
Baker Tilley Morrison Murray
Crowe Horwath
Deloitte
- Deloitte- Annexure A
- Deloitte- Annexure B
- Deloitte- Annexure C
Department of Trade and Industry – BEE Unit
LDSW Incorporated
PricewaterhouseCoopers
University of Fort Hare
Veri-Com

Comments submitted by the IRBA to the dti:

IRBA comments on the Revised B-BEE Codes of Good Practice and the B-BBEE Technical Assistance Guide including covering letter

Other useful links:

National Standardised B-BBEE Management Development Programme Gateway