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IRBA to refer non-audit complaints to professional bodies


On April 26, 2021, the Auditing Profession Act, 2005, was amended by Act 5 of 2021. The amendments introduced in section 48(1A) which enables the Independent Regulatory Board for Auditors (IRBA) to refer a non-audit complaint against a registered auditor or registered candidate auditor, to an IRBA accredited professional body for investigation and disciplinary proceedings, if the matter falls within the constitution and rules of the professional body. The IRBA has today published its procedure guide outlining how this process will work.

The guide is open for 30 calendar days to allow interested and affected parties to submit comments.  The closing date for comments is September 13, 2021.

Says Imre Nagy, Acting CEO of the IRBA: “Implementing this change to the Act is key for the effectiveness of the IRBA. Being able to refer non-audit complaints to a professional body for investigation by them, will enable the IRBA investigations department to focus on audit complaints.

“Currently, the only IRBA accredited professional body is the South African Institute of Chartered Accountants (SAICA), therefore SAICA is the only body to whom non-audit complaints may be referred.

Concludes Nagy: “All comments received on the procedure guide will be collated for evaluation and consideration.”

The procedure guide is available for download at https://www.irba.co.za/news–events/apaa-implementation-information