News

2022/2023 ASSURANCE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 10 JUNE 2022

June 14, 2022

2022/2023 Assurance fees payable to the IRBA with effect from 10 June 2022.

May 27, 2022

We would like to inform all our stakeholders that following a recent partnership agreement with a new service provider for our calling services, our telephone contact details have now changed. The new switchboard number is 010 496-0600.

May 06, 2022

The Independent Regulatory Board for Auditors (IRBA) recently received a judgement handed down in the North Gauteng High Court regarding an application brought by the East Rand Member District of Chartered Accountants (ERMD) for the review and setting aside of certain fees and fee increases prescribed by the IRBA during the 2019/2020 and 2020/2021 financial years.

April 08, 2022

Call for nominations.

April 04, 2022

The Independent Regulatory Board for Auditors (IRBA) has gazetted the new disciplinary rules for registered auditors.

March 28, 2022

Section 8 of the Auditing Profession Act No. 26 of 2005, as amended, gives the Independent Regulatory Board for Auditors (IRBA) the power to determine the fees that are payable to the regulator, in respect of the performance of some of its legislated functions and other related services.

March 28, 2022

Following a public comment process, the Board of the Independent Regulatory Board for Auditors (IRBA) approved the publication of the revised disciplinary rules (rules) in the Government Gazette. The rules will come into effect on 1 April 2022.

March 16, 2022

The IRBA is a Supervisory Body in terms of the Financial Intelligence Centre Act 38 of 2001. Following the Financial Action Task Force's (FATF) review of South Africa's anti-money laundering and counter-terrorist financing measures in 2019, and the subsequent FATF's Mutual Evaluation report issued in October 2021, priority actions were recommended for implementation by South Africa to address the key deficiencies identified during the evaluation. These deficiencies included the lack of criminal verifications in relation to beneficial owners.

February 21, 2022

Call for nominations.

February 18, 2022

Call for nominations.

February 05, 2022

The firm assurance work declaration and firm related information are now available for submission on the IRBA website.

January 24, 2022

New Firm and Engagement Quality Management Standards - towards restoring confidence and enhancing audit quality.

January 19, 2022

IRBA completed its investigation process on all SAA complaints between 2017 and 2019.

January 18, 2022

Extension of the public comment period for the Proposed Disciplinary Rules for Registered Auditors.

January 17, 2022

Impact on auditor ethics and independence in an uncertain environment.

2021

December 06, 2021	IRBA successfully defends challenge to MAFR by East Rand Member District of Chartered Accountants
November 22, 2021	IRBA opens draft proposed Disciplinary Rules for Registered Auditors for public comment
November 15, 2021	CALL FOR NOMINATIONS TO SERVE ON THE DISCIPLINARY COMMITTEE
November 11, 2021	New Proposed International Standard for Less Complex Entities
October 11, 2021	48% of JSE Listed entities have rotated at least once since June 2017 - Covid does not appear to have an impact on the pace of rotations
October 08, 2021	Fraud and the role of auditors - what more can be done to detect fraud risk?
September 21, 2021	CALL FOR NOMINATIONS TO SERVE ON THE EDUCATION, TRAINING AND PROFESSIONAL DEVELOPMENT COMMITTEE (EDCOM)
August 13, 2021	IRBA to refer non-audit complaints to professional bodies
August 13, 2021	IRBA guide on the implementation of search and seizure provisions published for comment
August 03, 2021	CALL FOR NOMINATION OF PERSONS TO SERVE ON THE INSPECTIONS COMMITTEE (INSCOM) OF THE INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
July 30, 2021	ACCREDITATION COMMITTEE OF THE IRBA AND PANEL OF SUBJECT MATTER EXPERTS: CALL FOR NOMINATIONS
July 19, 2021	IRBA heeds stakeholder calls and opens consultation on Enhancing Disclosures in Audit Reports
July 06, 2021	ASSURANCE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2021
July 02, 2021	IRBA IMPLEMENTS THE PROTECTION OF PERSONAL INFORMATION ACT, 4 OF 2013 (POPIA)
June 18, 2021	CEO update on the new IRBA Board
June 14, 2021	MEDIA STATEMENT: IRBA BOARD
June 09, 2021	INVESTIGATING COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
May 04, 2021	DISCIPLINARY HEARING SCHEDULE
May 02, 2021	Amended Act Strengthens IRBA's Investigation and Disciplinary Powers
April 29, 2021	IRBA RE-ELECTED TO THE IFIAR BOARD FOR ANOTHER FOUR-YEAR TERM
April 07, 2021	ACCREDITATION COMMITTEE OF THE IRBA: SUBJECT MATTER EXPERTS CALL FOR APPLICATIONS
March 18, 2021	IRBA approves IAASB revised suite of quality management standards for early adoption Strengthening the foundation of audit quality
March 16, 2021	Refocussed IRBA strategy aims to enhance audit quality and address gaps
March 12, 2021	FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2021
March 09, 2021	INVESTIGATING COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
March 09, 2021	IRBA's Second AQI Report outlines actionable recommendations for audit quality
March 08, 2021	IRBA announces Acting Director: Inspections
March 07, 2021	Early adopters on the JSE drive MAFR up to 43%
March 01, 2021	Irba introduces acting CEO
February 25, 2021	Caretaker Board at Irba issues call for nominations to serve on the Board
February 16, 2021	IRBA updates the market on governance steps taken by Caretaker Board
February 01, 2021	ONLINE SUBMISSION OF ASSURANCE WORK DECLARATION AND FIRM RELATED INFORMATION 2021
January 28, 2021	THE INDEPENDENT REGULATORY BOARD FOR AUDITORS BOARD OF DIRECTORS DISSOLVED

2020

December 11, 2020	IRBA expresses disappointment at soft sanction against Deloitte auditor
December 11, 2020	Disciplinary Committee's Sanction Ruling: IRBA vs M Jordan
November 19, 2020	Disciplinary Committee's merits ruling in the African Bank matter
November 12, 2020	IRBA Mourns the death of Auditor General Kimi Makwetu
August 28, 2020	AUDIT DEVELOPMENT COMMITTEE (ADCOM) OF THE IRBA: CALL FOR NOMINATIONS
July 16, 2020	IRBA confirms investigation into auditors of EOH
July 15, 2020	ACCREDITATION COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS - SUBJECT MATTER EXPERTS
June 30, 2020	Auditors' duty to report RIs on non-compliance with EAAB regulatory deadline of 30 June 2020
June 30, 2020	INSPECTIONS COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
June 21, 2020	25% of JSE-listed entities have rotated audit firms ahead of 2023 MAFR deadline
May 29, 2020	ASSURANCE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2020
May 29, 2020	African Bank / Deloitte final arguments will proceed in June
May 22, 2020	DISCIPLINARY COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
May 22, 2020	EDUCATION, TRAINING AND PROFESSIONAL DEVELOPMENT COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
May 15, 2020	INVESTIGATIONS COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS
May 14, 2020	IRBA draws attention to the Key Audit Matters in auditor's reports as it relates to COVID-19
May 11, 2020	DISCIPLINARY COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS
May 05, 2020	African Bank Deloitte final arguments set for June
April 28, 2020	IRBA Board appoints Jenitha John as new CEO
April 23, 2020	AUDIT DEVELOPMENT COMMITTEE OF THE IRBA CALL FOR APPLICATIONS
April 20, 2020	A Fine Balancing Act for Market Recovery By Bernard Agulhas, CEO of the Independent Regulatory Board for Auditors
April 03, 2020	MONITORING COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
April 02, 2020	INVESTIGATIONS COMMITTEE OF THE IRBA CALL FOR NOMINATIONS
March 25, 2020	IRBA shares guidance with auditors on the implications of COVID-19 on audits and auditors
March 24, 2020	Sharemax disciplinary hearing postponed to October 2020
March 23, 2020	IRBA takes steps to assist government with containment of community transmissions
March 23, 2020	THE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2020
March 16, 2020	Sharemax hearing temporarily adjourns
March 02, 2020	Court rules on disclosure of documents in MAFR challenge
February 26, 2020	IRBA foresees audit reforms will regain confidence in profession if audit firms follow suit
February 07, 2020	Update on CEO Recruitment Process
February 05, 2020	Change to Practice on Sanctions for Improper Conduct
February 01, 2020	NEW PROCESS: ONLINE SUBMISSION OF ASSURANCE WORK DECLARATION AND FIRM RELATED INFORMATION 2020

2019

December 03, 2019	ACCREDITATION COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS
December 02, 2019	IRBA launches Audit Quality Indicators: Evaluating audit quality and promoting transparency of audit firms
November 21, 2019	INSITITUTE OF INTERNAL AUDITORS Launch of State of Governance Report
October 29, 2019	IRBA achieves a decade of clean audit opinions
October 16, 2019	DISCIPLINARY COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS
October 09, 2019	Slight improvement in perception of auditing and accounting standards and shareholder governance
October 07, 2019	21 percent of JSE-listed companies have changed their auditors ahead of MAFR deadline
September 26, 2019	Hearing Dates on African Bank - hearing should conclude in December 2019
September 09, 2019	CALL FOR NOMINATIONS TO SERVE ON THE STATUTORY COMMITTEES OF THE IRBA
July 01, 2019	Hearing Dates for Deloitte auditors on African Bank
June 12, 2019	ASSURANCE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2019
May 16, 2019	CALL FOR PERSONS TO SERVE ON THE DISCIPLINARY COMMITTEE OF THE INDEPENDENT REGULATORY BOARD FOR AUDITORS
April 01, 2019	17 percent of JSE-listed companies have rotated auditors ahead of MAFR
March 28, 2019	Linkway Trading auditor deregistered - ordered to contribute to costs
March 19, 2019	IRBA investigation into Steinhoff auditors will recommence once restated financials are released
March 15, 2019	DISCLOSURE OF ASSURANCE STATUS ON IRBA WEBSITE AND HOW TO CHANGE YOUR STATUS
March 05, 2019	FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2019
February 19, 2019	IRBA inspections reveal recurring quality deficiency themes
February 15, 2019	IRBA concludes sanctions hearings on Gupta-linked Linkway auditor
February 07, 2019	NOTICE OF HEARING: Sanction hearing for former auditor of Linkway Trading
February 07, 2019	The IRBA welcomes the introduction of the Financial Matters Amendment Bill with APA Amendments
February 04, 2019	Comments on the Financial Matters Amendment Bill
January 31, 2019	CALL FOR NOMINATION OF PERSONS TO SERVE ON THE BOARD AND STATUTORY COMMITTEES OF THE INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)

2018

December 14, 2018	ANNUAL FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2019
December 14, 2018	In the matter of African Bank Deloitte
December 10, 2018	CALL FOR NOMINATION OF PERSONS TO SERVE ON THE BOARD AND STATUTORY COMMITTEES OF THE INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
December 10, 2018	NITASHA NAICKER APPOINTED DIRECTOR OPERATIONS
November 07, 2018	IRBA responds regarding actions against auditors of VBS
September 17, 2018	Auditing Profession Act Amendments 2018 Continued regulatory improvement for public protection
September 12, 2018	AFIAAR adopts strategy for continental integration of accounting and auditing regulation
August 21, 2018	NOTICE OF HEARING
August 02, 2018	33% of all audit firm rotations since 2017 due to MAFR
July 31, 2018	IRBA issues notice of transparency reporting for audit firms
July 05, 2018	Hearing of evidence into conduct of auditor for Linkway Trading concludes
June 19, 2018	Firm Fees Payable to the IRBA with Effect from 01 April 2018
June 12, 2018	IRBA welcomes standard setting reform focused on greater independence and enhanced public interest focus
May 04, 2018	A few bad auditors have cost many good people their reputations IRBA takes steps to mitigate collateral damage
April 18, 2018	IRBA Act Amendments will strengthen oversight powers
April 13, 2018	IRBA CEO addresses Zimbabwe Accountants Conference (ZAC2018) on Ethics
March 12, 2018	FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2018
March 02, 2018	1st AFIAAR meeting heralds new focus on independent accounting and auditing regulation in Africa
February 25, 2018	IRBA identifies lines of inquiry but requires restated financials for Steinhoff
February 08, 2018	IRBA deals firmly with crisis of confidence in accounting and auditing professions
February 02, 2018	IRBA Board trusts Agulhas to navigate current audit landscape
January 12, 2018	Update on IRBA investigations into KPMG

2017

December 15, 2017	IRBA confirms investigation into conduct of Steinhoff auditors
December 14, 2017	IRBA beefs up sanctions and will pursue amendments to the Act
December 07, 2017	Accounting irregularities do not necessarily indicate an audit failure
September 27, 2017	Drop in SA WEF ranking is regrettable but expected
September 20, 2017	SAICA has no legal mandate to lead independent inquiries
September 17, 2017	KPMG Matter
September 10, 2017	IRBA welcomes international boards' drive to focus on professional scepticism
September 07, 2017	SHAREHOLDERS ARE HAVING THEIR SAY ON AUDITOR APPOINTMENTS
August 18, 2017	The Independent Regulatory Board for Auditors appoints its new chairman
June 30, 2017	Audit regulator launches probe into KPMG audits of Linkway Trading
June 21, 2017	IRBA says additional measures required to promote transformation of audit profession
June 12, 2017	RULE ON MANDATORY AUDIT FIRM ROTATION
June 06, 2017	MAFR: FREQUENTLY ASKED QUESTIONS
June 02, 2017	MAFR gazetted to enhance auditor independence and protect public interest
June 02, 2017	Inspection Fees Payable to the IRBA with Effect from 01 April 2017
May 05, 2017	TENDER IRBA017/2017
April 10, 2017	ANNUAL RENEWAL DOCUMENTS AVAILABLE ON WEBSITE
March 16, 2017	IRBA Inspections Report shows decline in audit quality
March 14, 2017	Real empowerment remains an evasive ideal
March 10, 2017	FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2017
February 18, 2017	IRBA TURNS ITS ATTENTION TO PROMOTING MEASURABILITY AND TRANSPARENCY IN AUDIT
February 13, 2017	NEW PROCESS FOR UPDATING PERSONAL AND FIRM DETAILS AND ANNUAL RENEWAL
February 07, 2017	Audit Regulator welcomes public hearing into audit firm rotation
February 02, 2017	Board Appointments by the Finance Minister to the Independent Regulatory Board for Auditors
January 20, 2017	IRBA Comment process yields solid engagement

2016

December 13, 2016	COMMITTEE MEMBERS REQUIRED
November 18, 2016	Call for the Nomination of Members to Serve on the Committee for Auditor Ethics
October 25, 2016	The IRBA issues consultation paper on Mandatory Audit Firm Rotation
September 28, 2016	South Africa retains pole position for auditing and reporting standards for seventh year in a row
September 26, 2016	The IRBA announces timeline for public participation process around mandatory audit firm rotation
September 06, 2016	The IRBA recognised by EU Commission as an Equivalent Competent Authority
August 31, 2016	Deadline approaches for the IRBA Withdrawal from B-BBEE Assurance Services Regulation
August 30, 2016	CALL FOR NOMINATION OF PERSONS TO SERVE ON THE INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
August 29, 2016	The IRBA announces measures to strengthen auditor independence and enhance investor protection
July 11, 2016	How independent is your auditor and audit committee?
June 14, 2016	Fees on Assurance engagements Payable to the IRBA with effect from 01 April 2016
April 21, 2016	Fees Payable to the IRBA - 01 April 2016
April 01, 2016	The IRBA turns 10
February 01, 2016	IRBA Language Policy 2015

2015

December 11, 2015	The IRBA mandates disclosure of audit tenure
December 11, 2015	Broad-Based Black Economic Empowerment (B-BBEE)
December 10, 2015	Further Clarification: IRBA Strengthens Auditor Independence By Mandating Disclosure Of Audit Tenure
December 04, 2015	IRBA Strengthens Auditor Independence by Mandating Disclosure of Audit Tenure
December 03, 2015	Calling Boards and Audit Committees to Action in Strengthening Audit Quality in South Africa
December 03, 2015	The IRBA issues its Public Inspections Report for 2015
November 12, 2015	Inspections Findings Newsflash
September 30, 2015	South Africa maintains first position for the strength of Auditing and Reporting Standards for six years in a row
July 29, 2015	Audit Regulator overview on the new Auditor Reporting Standards
July 01, 2015	SAFM Interview with Rene Kenosi Chairman of the IRBA
June 08, 2015	Rene Kenosi Appointed First Black Female Chairman of The Independent Regulatory Board For Auditors
March 20, 2015	An article on March 16 in Business Report under the headline New law set to change the face of auditing contained inaccuracies
March 17, 2015	IRBA welcomes outcome of voting on the Auditing Profession Amendment Bill

2013

September 03, 2013

South Africa maintains first position for the strength of Auditing and Reporting standards for five years in a row

News

2022/2023 ASSURANCE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 10 JUNE 2022

IRBA Announces New Telephone Contact Details

IRBA Appeals High Court Judgement on IRBA Fees

INVESTIGATING COMMITTEE OF THE IRBA: CALL FOR NOMINATIONS

New disciplinary rules for registered auditors gazetted

FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2022

IRBA PUBLISHES NEW DISCIPLINARY RULES FOR REGISTERED AUDITORS

PRESCRIPTION OF REVISED REGISTRATION, RE-REGISTRATION AND ANNUAL RENEWAL REQUIREMENTS, IN TERMS OF THE AUDITING PROFESSION ACT 26 OF 2005

Call for Nominations to Serve on the IRBA's Monitoring Committee: Academic vacancies

Call for Nominations to serve on the IRBA's Accreditation Committee: Senior Academic

ONLINE SUBMISSION OF ASSURANCE WORK DECLARATION AND FIRM RELATED INFORMATION 2022

IRBA to launch the new Firm and Engagement Quality Management Standards - towards restoring confidence and enhancing audit quality

IRBA completed its investigation process on all SAA complaints between 2017 and 2019

EXTENSION OF THE PUBLIC COMMENT PERIOD FOR THE PROPOSED DISCIPLINARY RULES FOR REGISTERED AUDITORS

Impact on auditor ethics and independence in an uncertain environment

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