Further Clarification: IRBA Strengthens Auditor Independence By Mandating Disclosure Of Audit Tenure

Johannesburg / 10 December 2015

Reference is made to the communique titled "IRBA Strengthens Auditor Independence by Mandating Disclosure of Audit Tenure" issued on 4 December 2015, regarding the publication of a Rule in the Government Gazette Nr 39475 of 4 December 2015.

We clarify that this rule applies to audit reports issued on the Annual Financial Statements of all public companies ‒ as defined in the Companies Act of 2008 ‒ that meet the definition of a public interest entity as per the IRBA Code of Professional Conduct for Registered Auditors.

Bernard Peter Agulhas
Chief Executive Officer