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IESBA launches Firm Culture and Governance Viewpoints 

2026-01-29T15:56:12+02:00

LATEST UPDATE IESBA launches Firm Culture and Governance Viewpoints  The International Ethics Standards Board for Accountants (IESBA) recently launched its viewpoints on firm culture and governance, initiating a six-month global dialogue on ethical culture focusing on the 2028 – 2031 strategy, sustainability ethics, firm governance, private equity, technology, and emerging risks and trends. The IESBA Viewpoints, Firm Culture and Governance Dialogues, is an IESBA publication designed to support global, dialogue-driven engagement on the organisational drivers of ethical behaviour in accounting firms. Building on IESBA’s Viewpoints across eight core elements of firm culture and governance, the [...]

IESBA launches Firm Culture and Governance Viewpoints 2026-01-29T15:56:12+02:00

SAICA releases AI Ethics Case Studies – Part 1

2026-01-29T15:47:32+02:00

LATEST UPDATE SAICA releases AI Ethics Case Studies – Part 1 SAICA has recently released a guidance document titled, AI Ethics Case Studies - Part 1, available on: https://saicawebprstorage.blob.core.windows.net/uploads/SAICA-AI-Ethics-Case-Studies-2025-Part-1.pdf The purpose of this guidance document is to provide professionals and trainees with clear, practical, and principle-based direction for navigating the complex ethical challenges arising from the use, adoption, design and governance of AI within the accountancy profession, and broader business sector. The guidance is intended to support sound judgment and compliance with the SAICA Code, and to promote responsible, trustworthy, and public interest-driven technology use [...]

SAICA releases AI Ethics Case Studies – Part 12026-01-29T15:47:32+02:00

IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies

2026-01-29T15:44:17+02:00

LATEST UPDATE IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies The International Ethics Standards Board for Accountants (IESBA) and the International Auditing and Assurance Standards Board (IAASB) have launched a joint global stakeholder survey marking the beginning of work toward their respective Strategies and Work Plans (SWPs) for 2028–2031 – a period of expected significant change in the global audit, assurance and ethics landscape. The joint survey represents the first step in the boards’ strategic planning process and will help inform the development of their respective Consultation Papers. By launching a single, [...]

IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies2026-01-29T15:44:17+02:00

Pending Disciplinary and Finalised Investigation Matters

2026-01-29T15:32:53+02:00

LATEST UPDATE Pending Disciplinary and Finalised Investigation Matters In the latest issue of IRBA News, Issue 72, six disciplinary matters pending disciplinary hearings and 20 finalised investigation matters were reported. Current open matters involve eight categories of improper conduct. The most common charge remains insufficient appropriate audit evidence. Other frequent charges include dishonesty and integrity issues, as well as failure to exercise due care and skill. In several investigation matters, among others, sufficient, appropriate audit evidence was not obtained for material balances and disclosures; material misstatements were not appropriately identified, evaluated and addressed; appropriate professional [...]

Pending Disciplinary and Finalised Investigation Matters2026-01-29T15:32:53+02:00

Educational Modules on the Third Edition of IFRS for SMEs Published

2026-01-29T15:28:59+02:00

LATEST UPDATE Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published a package of new educational resources to support implementation of the third edition of the IFRS for SMEs Accounting Standard. These materials are aimed at stakeholders learning about or applying the IFRS for SMEs Accounting Standard. New educational modules: • Module 23 Revenue from Contracts with Customers • Module 15 Joint Arrangements • Module 28 Employee Benefits. Each module provides practical support and includes a comparison to the related full IFRS Accounting Standard. The educational modules are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ [...]

Educational Modules on the Third Edition of IFRS for SMEs Published2026-01-29T15:28:59+02:00

Prudential Communication 17 of 2025 – Submission of Auditor Applications for Insurers

2026-01-29T15:22:56+02:00

LATEST UPDATE Prudential Communication 17 of 2025 - Submission of Auditor Applications for Insurers The Prudential Authority (PA) updated Form IF 006, specifically for applications to approve the appointment of auditors and related information on the PA’s approval process. Insurers must submit auditor applications using the updated form within 30 days of the internal appointment of the auditor(s). The communication is available on: www.resbank.co.za/content/dam/sarb/publications/prudential-authority/pa-public-awareness/covid-19-response/2025/Prudential%20Communication%2017%20of%202025%20-%20Submission%20of%20Auditor%20Applications%20for%20Insurers.pdf more LEAFQuest Advance Your Knowledge in Auditing Enroll in Our Latest Courses! Quests List LEAFQuest Advance Your [...]

Prudential Communication 17 of 2025 – Submission of Auditor Applications for Insurers2026-01-29T15:22:56+02:00

SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 2016

2026-01-29T15:18:05+02:00

LATEST UPDATE SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 2016 In December 2025, SAICA updated its guidance document for sectional title audits. A new clarifying sentence was added to the illustrative report explaining that an auditor’s inability to accept an assurance engagement was not caused by any actions or inactions of the trustees in managing the body corporate’s financial affairs. Readers may refer to P. 18 for the exact wording. The updated guidance document is available on: www.saica.org.za/resources/89141 more [...]

SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 20162026-01-29T15:18:05+02:00

IAASB Issues Narrow-Scope Amendments Related to IESBA’s Using the Work of Experts

2026-01-29T15:11:57+02:00

LATEST UPDATE IAASB Issues Narrow-Scope Amendments Related to IESBA’s Using the Work of Experts The International Auditing and Assurance Standards Board (IAASB) has published narrow-scope amendments to its standards arising from the International Ethics Standards Board for Accountants’ (IESBA) Using the Work of an External Expert project. These narrow-scope amendments are available on: https://www.iaasb.org/publications/narrow-scope-amendments-iaasb-standards-arising-iesba-s-using-work-external-expert-project They respond to the IESBA’s recently approved revisions to its International Code of Ethics for Professional Accountants (including International Independence Standards), which introduced, among others, explicit ethical requirements for using the work of external experts in audit, assurance, and non-assurance engagements. The IAASB’s updates [...]

IAASB Issues Narrow-Scope Amendments Related to IESBA’s Using the Work of Experts2026-01-29T15:11:57+02:00

IRBA Adopts the International Standard on Auditing 240 (Revised)

2025-12-09T14:22:33+02:00

LATEST UPDATE IRBA Adopts the International Standard on Auditing 240 (Revised) The Independent Regulatory Board for Auditors (IRBA) announced the adoption, issue and prescription of the International Standard on Auditing (ISA) 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (ISA 240 (Revised)), for use by registered auditors in South Africa. This follows the International Auditing and Assurance Standards Board’s (IAASB) release of ISA 240 (Revised) in July 2025. Recent high-profile corporate failures have intensified the public scrutiny of auditors’ responsibilities relating to fraud. As a result, the IAASB undertook [...]

IRBA Adopts the International Standard on Auditing 240 (Revised)2025-12-09T14:22:33+02:00

Revised Illustrative Reports and Applicability of the EAR Rule

2025-12-09T14:23:17+02:00

LATEST UPDATE Revised Illustrative Reports and Applicability of the EAR Rule The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) has approved the issuing of the revised illustrative reports for use by registered auditors when reporting on regulatory returns for banks, mutual banks, insurers and medical schemes, available on: https://www.irba.co.za/guidance-to-ras/technical-guidance-for-auditors/industry-specific-guides-and-regulatory-reports The narrow-scope amendments to ISA 700 (Revised) operationalise the changes to the IESBA Code related to PIEs. These changes, adopted into the IRBA Code, require firms to publicly disclose when the independence requirements for PIEs have been applied in an audit of [...]

Revised Illustrative Reports and Applicability of the EAR Rule2025-12-09T14:23:17+02:00

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