AUP Engagement Performed i.r.o. Applications by Legal Practitioners for a Refund of Bank Charges and Audit Fees
The AUP report to be used for legal practitioners’ applications for a refund of bank charges and audit fees has been published on the SAICA website.
The LPFF published a directive on 1 November 2023, available on:
https://www.fidfund.co.za/wp-content/uploads/2023/11/LPFF-Directive.pdf.
It prescribes the utilisation of this AUP report from 1 November 2023 on the following link:
https://saicawebprstorage.blob.core.windows.net/uploads/Agreed-Upon-Procedures-Engagement-Performed-In-Respect-Of-An-Application-By-A-Legal-Practitioner-Firm-For-A-Refund-Of-Bank-Charges-And-Audit-Fees.pdf
The communication from the LPFF contains transitional arrangements that were in place until 15 November 2023, and is available on:
(https://www.fidfund.co.za/wp-content/uploads/2023/11/Communication-LPFF-directive-AUP-report-on-Application-for-refund-of-bank-charges-and-audit-fees-form.pdf)
Recent Articles
Changes in the SAICA Training Regulations
SAICA recently issued their 2026 SAICA Training Regulations, effective from 1 January 2026. Training officers must ensure that the current version of the training regulations is communicated to [...]
Audit Issues & Trends to Consider
Your Content Goes Here Failure to assess non-compliance under NOCLAR and report RIs It was found that auditors often do not assess non-compliance as required. This is a two-stage, escalating obligation: NOCLAR per [...]
Recap of 2025
As we come to the close of 2025, it’s appropriate to reflect on key articles and updates communicated throughout the year. In this article, we identify key takeaways [...]
Audit Issues & Trends to Consider
Your Content Goes Here Implementation of IFRS 19 The introduction of IFRS 19: Subsidiaries without Public Accountability: Disclosures represents a notable step towards reducing the financial reporting burden for many private companies. Its primary benefit is [...]
Audit Issues & Trends to Consider
Your Content Goes Here 1. Risk scoping Many auditors are still grappling with applying the principles of ISA 315 (Revised 2019) when performing risk assessment and audit scoping. The standard requires the auditor to [...]
Going Concern Audits: What ISA 570 Revised Means
The International Standard on Auditing (ISA) 570 (Revised 2024), Going concern, issued by the IAASB, responds to growing expectations from stakeholders for more robust auditor evaluations and reporting [...]