Booklet Template
A02 – STAFF BOOKLET CONTENT
| Section | |
|---|---|
| Complying with the Code | 100 |
| Fundamental Principles | 110 |
| Integrity | 111 |
| Objectivity | 112 |
| Professional Competence and Due Care | 113 |
| Confidentiality | 114 |
| Professional Behaviour | 115 |
| Conceptual Framework | 120 |
| Applying the conceptual framework – Registered auditors performing professional services | 300 |
| Applying the conceptual framework to independence for audit and review engagements | 400 |
| Applying the conceptual framework to independence for assurance – engagements other than audit and review engagements | 900 |
WELCOME BOOKLET
- Our Vision Strategy and Values
The firm is required to comply with the International Standards on Quality Management (ISQM1, ISQM2 and ISA 220(Revised)), the IRBA Code and the Auditing Profession Act. Furthermore, the firm is required to make partners, service providers, and staff aware of certain matters which are important to its compliance with the standards and the APA Act.
The following are the vision, strategy and core values of the firm.
In order to work as a team we expect everybody to comply with them and use as a basis for the
Quality of their work.
VISION
We want to be one of the leading firms in South Africa for our chosen boutique of professional services. We also want to contribute to the development and transformation of the South African economy andthe rest of the continent.
STRATEGY
Building effective teams with specialist knowledge that will build the trust of the market through excellent service delivery.
VALUES
- Integrity
- A bias towards action
- Commitment to an inclusive transformation
- Commitment to excellence
- Quality and Care
All partners and staff are committed to deliver high quality financial products and apply due care in all of our engagements and interactions with clients.
- Policies, standards and guidance material
All service providers, partners, and staff can access the firm’s policies, standards and guidance material on the Cloud based shared drive, otherwise copies could be obtained from HR.
- Consequences for non-compliance
Non-compliance with policies and standards are considered very serious by the firm and may lead to disciplinary action in terms of the policies.
Contact the LEAF hotline for complaints where anonymity is desired (leafhotline@gmail.com)
- Independence and ethical compliance
Great care should be taken to understand the requirements of the firm regarding independence and ethical compliance.
This is included in the policies and standards.
Ensure a declaration is signed as soon as possible upon appointment, annually and at the start of an assurance engagement.
- Performance measurement standard
Audit staff members’ performance will be measured as per the SAICA Training Regulations and by submissions on the SAICA Electronic Assessment Tool (SAICA EAT) and/or per the firm’s performance evaluation process.
Performance indicators include:
- Compliance with the IRBA Code of Conduct
- Compliance with the firm’s policies and procedures of ethics
- Compliance with the firm’s policies and procedures of audit quality
- Professional behaviour and conduct
- Time management and meeting deadlines
- Showing initiative
- Maintaining and acquiring the necessary professional skills and experience
- Productivity
- Compliance with SAICA and IRBA rules
- Quality of Work
- Participation in the training initiatives of the firm
- Transgressions
When a service provider or a staff member becomes aware of a transgression or possibly committed a transgression themselves, HR or the partners should be informed immediately.
- Reportable irregularities
When becoming aware that a client may have committed a reportable irregularity, the partners should be informed immediately.