The Independent Regulatory Board for Auditors appoints its new chairman

Abel Dlamini CA (SA) brings with him a wealth of experience in auditing, including internal audit, IT and Forensic auditing. He is the Executive Chairman at SekelaXabiso and was a founding member of Sekela Consulting, one of the partners in the merger that created SekelaXabiso. He played a key role in the establishment of Sekela Consulting as a market leader in the internal audit, IT audit, forensic audit and the consulting services sector prior to its merger with Xabiso Chartered Accountants. Prior to establishing Sekela Consulting he was a partner at two of the global audit networks and served as the Chief Executive Officer at Dlamini Inc. He is a member of SAICA and the Institute of Internal Auditors (SA). He also received a national award in the Business & Professional Services category at the 2014 Titans Building Nations Awards.

“We welcome the new chairman and members to our Board and look forward to working with them as they take forward the IRBA mandate to act in the public interest, strengthen the auditing profession, and maintain the international recognition achieved over the years,” says Bernard Agulhas, CEO of the IRBA.

The rest of the board members bring with them a variety of skills and experience to successfully drive the IRBA’s agenda, which include experience at listed entities, regulators and state owned entities, leadership, academia, legal, governance, international and auditing.

The board members are:
.
Mr Thiru Pillay CA (SA),
Ms Nkabaneng Mashile CA (SA), MCOM
Ms Zuziwe Ntsalaze CA (SA), CISA, MBA,
Ms Martie Janse van Rensburg CA (SA),
Mr Iqbal Motala,
Mr Madoda Petros CA (SA),
Mr Joe Lesejane CA (SA) (CD SA) (FCMA),
Ms Matshepo More CA (SA),

Says Dlamini, “The IRBA continues to play an important role in creating confidence in the South African capital markets, through issuing high quality audit and ethics standards for auditors, and overlaying these standards with a robust system of regulation. I am confident that the diverse skills and experience of my board will equip the IRBA to discharge fully its statutory obligations, support the Minister of Finance in driving the State’s national objectives, and continue to protect the financial interests of the investing public”.

Ends

More about the IRBA:
The IRBA is a public protection statutory body established to protect the financial interests of the public by ensuring registered auditors and their firms deliver services of the highest quality. It upholds audit firm independence to ensure that audit quality is such that it enhances the accuracy and credibility of financial performance reporting. In this way, the IRBA has an important role to play in building the reputation of South Africa as an investment market for both local and global investors and driving economic growth for the country.

As an internationally recognised regulator of the auditing profession and other assurance services relevant to the South African environment, it has been recognised by the World Economic Forum as the top independent audit regulator worldwide for six consecutive years for the strength of its audit controls and standards. The IRBA also registers suitably qualified accountants as auditors, who must adhere to the highest ethics standards, and promotes the auditing profession through the effective regulation of assurance conducted in accordance with internationally recognised standards and processes.