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IRBA Anonymous Tip-Offs

2026-05-29T16:15:14+02:00

LATEST UPDATE IRBA Anonymous Tip-Offs The IRBA has created a separate email address to receive tip-offs. Tip-offs and other relevant information from the public are seen as important sources for the IRBA’s regulatory mandate. Information may be provided anonymously. The primary benefit of such a process is enhanced proactiveness of the risk-based inspections approach, which is already implemented in international jurisdictions, where tip-offs are received anonymously. Some information received through this process may yield similar proactive benefits for other IRBA departments, ultimately assisting in earlier regulatory intervention. Anonymous tip-offs are expected to empower those who [...]

IRBA Anonymous Tip-Offs2026-05-29T16:15:14+02:00

IFAC and SAICA to Co-host 2028 World Congress of Accountants in Cape Town, South Africa

2026-05-29T16:03:52+02:00

LATEST UPDATE IFAC and SAICA to Co-host 2028 World Congress of Accountants in Cape Town, South Africa The International Federation of Accountants (IFAC) and South African Institute of Chartered Accountants (SAICA) are thrilled to announce the World Congress of Accountants (WCOA) will be held in Cape Town, South Africa, in November 2028. Recognised as the accountancy profession’s premier global gathering, WCOA is a biannual event that brings together representatives of the profession from jurisdictions around the world to strengthen the accountancy community through shared learning, collaboration, and relationship-building. This represents a monumental achievement for the [...]

IFAC and SAICA to Co-host 2028 World Congress of Accountants in Cape Town, South Africa2026-05-29T16:03:52+02:00

IFIAR releases 2026 Report on the Use of Technology in Audits

2026-05-29T15:04:07+02:00

LATEST UPDATE IFIAR releases 2026 Report on the Use of Technology in Audits IFIAR has released its 2026 report on ‘Use of Technology in Audits – Innovation and Audit Quality’, which forms part of a series by its Technology Task Force. The report highlights how advancements in technology are reshaping audits globally while introducing new risks, and provides observations and insights on emerging trends and practices. The observations in this report are based on information shared with IFIAR and are intended to provide insights into emerging trends, practices, and areas of focus. Building on the [...]

IFIAR releases 2026 Report on the Use of Technology in Audits2026-05-29T15:04:07+02:00

IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements

2026-05-29T11:36:49+02:00

LATEST UPDATE IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements The International Auditing and Assurance Standards Board has released for public consultation an Exposure Draft that proposes revisions to International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information by the Independent Auditor of the Entity’s Annual Financial Statements. The proposed revisions represent the first comprehensive review of the standard since its issuance in 2005. These proposed revisions reflect changes in the global environment, and improvements to the audit and assurance model made over the last two [...]

IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements2026-05-29T11:36:49+02:00

Innovative new guidance supports audit firm adoption of emerging AI technologies

2026-05-29T11:27:52+02:00

LATEST UPDATE Innovative new guidance supports audit firm adoption of emerging AI technologies The Financial Reporting Council has published guidance to support audit firms in the responsible use of generative and agentic AI in audit engagements, helping firms manage risks to audit quality while realising efficiency and quality benefits. The guidance codifies good practice, rather than addressing identified deficiencies, and reinforces that auditors remain fully accountable for audit quality. At a glance: Generative and Agentic AI Guidance outlines a practical framework for building appropriate confidence in AI outputs, supported by professional judgment and illustrative real-world [...]

Innovative new guidance supports audit firm adoption of emerging AI technologies2026-05-29T11:27:52+02:00

FIC announces submission dates for 2026 Risk and Compliance Returns

2026-05-29T11:21:54+02:00

LATEST UPDATE FIC announces submission dates for 2026 Risk and Compliance Returns The Financial Intelligence Centre (FIC) issued Directive 11 of 2026 on 31 March 2026, effective from 1 April 2026, requiring specified accountable institutions to submit their 2026 Risk and Compliance Return to the FIC electronically. The directive is available on: https://www.fic.gov.za/wp-content/uploads/2026/03/Media-release-2026-Risk-and-compliance-return-1.pdf The submission period opens on 4 May 2026 and closes on either 30 June or 31 July 2026, depending on the specified category of the accountable institution. The FIC has published Draft Public Compliance Communication 125 of 2026 to provide practical guidance [...]

FIC announces submission dates for 2026 Risk and Compliance Returns2026-05-29T11:21:54+02:00

Clients’ Use of Service Organisations

2026-04-29T13:31:34+02:00

LATEST UPDATE Clients’ Use of Service Organisations In the latest issue of IRBA News, Issue 73, an article was published on insights and observations on auditing clients' use of service organisations in inspections. The article includes reflections on complexities in audits, where the use of service organisations directly impacts the audit of the user entity's financial statements; references to relevant audit requirements; and common inspections observations. The most common inspections observations include the failure by auditors to identify the use of service organisations, and identification of service organisations without obtaining sufficient audit evidence supporting the [...]

Clients’ Use of Service Organisations2026-04-29T13:31:34+02:00

Pending Disciplinary and Finalised Investigation Matters

2026-04-29T13:27:40+02:00

LATEST UPDATE Pending Disciplinary and Finalised Investigation Matters In the latest issue of IRBA News, Issue 73, eight disciplinary matters pending disciplinary hearings and 22 finalised investigation matters were reported. Current open matters involve eight categories of improper conduct. The most common charge is failure to exercise due care and skill. Other frequent charges include insufficient appropriate audit evidence, dishonesty and integrity issues, as well as non-declaration of assurance work. Tax and accounting issues, independence, the Prevention and Combating of Corrupt Activities Act, and executor or trustee duties make up the remaining categories. In several [...]

Pending Disciplinary and Finalised Investigation Matters2026-04-29T13:27:40+02:00

Highlights from the March 2026 IAASB Meeting

2026-04-29T13:23:42+02:00

LATEST UPDATE Highlights from the March 2026 IAASB Meeting During the IAASB quarterly board meeting, available on: https://www.iaasb.org/meetings/iaasb-quarterly-board-meeting-0, the following was approved: The exposure draft of ISRE 2410 (Revised), available on: https://www.iaasb.org/consultations-projects/review-interim-financial-information-isre-2410 This will be published for public consultation in early May, with a 120-day comment period. The Technology Quality Management Workstream Action Plan to Develop Non-Authoritative Material, available on: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.iaasb.org/_flysystem/azure-private/2026-03/0260316-Agenda-Item-3F-Approved-Tech-QM-Action-Plan.pdf This sets out the scope, approach, governance, and timeline for developing non-authoritative materials to support consistent and effective application of our quality management standards when technological tools enabled by emerging technologies are used in [...]

Highlights from the March 2026 IAASB Meeting2026-04-29T13:23:42+02:00

IFIAR Releases Report on 2025 Annual Survey of Audit Inspection Findings

2026-04-29T13:10:28+02:00

LATEST UPDATE IFIAR Releases Report on 2025 Annual Survey of Audit Inspection Findings The International Forum of Independent Audit Regulators (IFIAR) released a report on the results of its 14th annual survey of inspection findings. These findings arise from its member regulators’ individual inspections of audit firms affiliated with the six largest global audit firm networks (the Global Public Policy Committee networks or GPPC networks). IFIAR collected information about two categories of activities: inspections of firm-wide systems of quality control and inspections of individual audit engagements. IFIAR members from 52 jurisdictions contributed to the 2025 [...]

IFIAR Releases Report on 2025 Annual Survey of Audit Inspection Findings2026-04-29T13:10:28+02:00

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