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So far LEAF Quality Systems (Pty) Ltd has created 174 blog entries.
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IESBA Launches Surveys for Post-Implementation Reviews of NOCLAR Standard and the Restructured Code

2026-04-29T13:00:35+02:00

LATEST UPDATE IESBA Launches Surveys for Post-Implementation Reviews of Noclar Standard and the Restructured Code Global stakeholders are invited to share practical experience on whether the NOCLAR provisions in the IESBA Code, as well as the Restructured Code, work as intended in the public interest. Survey insights will inform IESBA’s assessment of whether any further actions are necessary regarding these standards. The Post-Implementation Reviews reflect a commitment within IESBA’s current 2024–2027 Strategy and Work Plan, available on: https://www.ethicsboard.org/publications/towards-more-sustainable-future-advancing-centrality-ethics, as well as calls from stakeholders, to evaluate the real‑world effectiveness of major ethics standards. The International [...]

IESBA Launches Surveys for Post-Implementation Reviews of NOCLAR Standard and the Restructured Code2026-04-29T13:00:35+02:00

IESBA and IAASB Clarify Link Between ISQM 1 and FCG Viewpoints

2026-04-29T13:00:45+02:00

LATEST UPDATE IESBA and IAASB Complete Analysis on Linkages between ISQM 1 and FCG Viewpoints The analysis: Explains linkages and key differences between IESBA’s FCG viewpoints and ISQM 1 Highlights their mutually supportive nature and key differences in their objectives, scope, output and focus Was developed in close coordination with the IAASB, responding to calls from stakeholders. The International Ethics Standards Board for Accountants (IESBA) has released the complete analysis of the linkages, available on: https://www.ethicsboard.org/publications/linkages-between-iesba-viewpoints-and-isqm-1 between the International Standard on Quality Management (ISQM) 1, available on: https://www.iaasb.org/publications/international-standard-quality-management-isqm-1-quality-management-firms-perform-audits-or-reviews and the IESBA’s Firm Culture and Governance [...]

IESBA and IAASB Clarify Link Between ISQM 1 and FCG Viewpoints2026-04-29T13:00:45+02:00

IESBA Launches Workstream on Private Equity Investment in Accounting Firms

2026-04-29T13:00:56+02:00

LATEST UPDATE IESBA Launches Workstream on Private Equity Investment in Accounting Firms IESBA will analyse ethical and independence implications of private equity investment in accounting firms. It will assess the need for standard setting on alternative practice structures. In its March meeting, IESBA also agreed to develop new guidance on technology and AI, enhance its support for global implementation of the sustainability standards, and review the practical implementation of key ethics standards. The International Ethics Standards Board for Accountants (IESBA) has agreed to launch a dedicated workstream to analyse issues relating to private equity investment [...]

IESBA Launches Workstream on Private Equity Investment in Accounting Firms2026-04-29T13:00:56+02:00

New IRBA Data Reveals What Really Drives Audit Quality in South Africa

2026-04-29T13:01:06+02:00

LATEST UPDATE New IRBA Data Shows how Independence, Resourcing and Review Practices are Shaping Audit Quality in South Africa The Independent Regulatory Board for Auditors (IRBA) has released its 2025 Audit Quality Indicators (AQI) Survey Report, providing insights into the key operational and behavioural factors that influence audit quality across audits of public interest entities in South Africa. Now in its seventh year, the AQI Survey draws on data submitted by 14 audit firms covering some 536 completed public interest entity audits. The 2025 results highlight how decisions relating to auditor independence, resourcing, supervision and [...]

New IRBA Data Reveals What Really Drives Audit Quality in South Africa2026-04-29T13:01:06+02:00

Root Cause Analysis – The Root of Many Evils

2026-03-31T15:55:42+02:00

What’s News? Your Content Goes Here Root Cause Analysis – The Root of Many Evils With the advent of ISQM1, ISQM2, and the revised ISA 220, the term, ‘root cause analysis’, has surfaced as a requirement when encountering failures in audit engagements, and within the audit quality management system. During inspections, the IRBA also assists firms with the determination of root causes. It is one of the most important aspects of the quality management system and, therefore, deserves detailed attention. Why do I say that? It is one of the few opportunities for engagement partners, quality leaders and [...]

Root Cause Analysis – The Root of Many Evils2026-03-31T15:55:42+02:00

Going Concern Audits: What ISA 570 Revised Means

2026-02-03T14:49:59+02:00

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 on management’s going concern assumptions. Effective for audits of financial statements for periods beginning on or after 15 December 2026, the revised standard strengthens and clarifies the auditor’s responsibilities relating to the going concern assessment, and the implications for the auditor’s report. This article outlines the key changes introduced by the revised standard and explores their implications for auditors, management and those charged with governance. [...]

Going Concern Audits: What ISA 570 Revised Means2026-02-03T14:49:59+02:00

Auditor and AI–How the Documentation Fixation will Blow Up in Our Faces

2025-08-26T11:05:22+02:00

What’s News? Your Content Goes Here Auditors are all excited about the advancements in AI, and are scrambling to implement this tool in the enhancement of their procedures on the one hand, while trying to figure out policies to curtail its abuse, and guide its proper use, on the other. In the meantime, they don’t have a clue about where its boundaries are, and what it is capable of. The intention is not to give you the solution to any of these mentioned dilemmas, but to pull you back to two basic audit and audit regulation principles. The [...]

Auditor and AI–How the Documentation Fixation will Blow Up in Our Faces2025-08-26T11:05:22+02:00

Audit Issues & Trends to Consider

2025-08-01T16:08:24+02:00

Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: 1. Regulated industries It is often required in regulated industries that the regulator approve the auditor to perform audits within the industry. It is critical that the auditor obtain the approval from the regulator, prior to performing any audit work for audit clients in the industry; otherwise, the auditor may not be able to recover time spent on the work. The Financial Sector Conduct Authority (FSCA) is very strict regarding this approval for the financial services industry, including insurers and retirement funds. If the [...]

Audit Issues & Trends to Consider2025-08-01T16:08:24+02:00

Compulsory Automation of Trust Interest Receipts

2025-07-30T17:52:02+02:00

LATEST UPDATE Compulsory Automation of Trust Interest Receipts In the latest issue of IRBA News, Issue 70, two finalised disciplinary matters and 26 finalised investigation matters were reported. The Legal Practitioners Fidelity Fund Board (LPFF Board) issued an important communication on 15 July 2025 indicating its decision to implement the automation of all trust interest receipts, effective from 1 September 2025. Legal practitioners with Section 86 trust accounts that are not yet integrated into the banks' Automated Monthly Transfer System must make the necessary arrangements with their banks to ensure compliance. The communication is available [...]

Compulsory Automation of Trust Interest Receipts2025-07-30T17:52:02+02:00

Finalised Disciplinary and Investigation Matters

2025-07-30T17:46:26+02:00

LATEST UPDATE Finalised Disciplinary and Investigation Matters In the latest issue of IRBA News, Issue 70, two finalised disciplinary matters and 26 finalised investigation matters were reported. In one disciplinary matter, the respondent signed a letter/director's resolution on the letterhead of the entity, purporting to be its director while being an employee, without authority; and authorised the sale of the company's property to another entity where their immediate family members were directors; and, on behalf of these directors, the respondent signed the sale and transfer agreement as a director. In the second matter, the respondent [...]

Finalised Disciplinary and Investigation Matters2025-07-30T17:46:26+02:00
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