LATEST UPDATE

CFAS publishes its standard-setting priorities

The Committee for Auditing Standards (CFAS), a statutory committee of the Independent Regulatory Board for Auditors (IRBA), has approved the projects that will be included in its work programme for the following two years.

CFAS has selected the following 14 projects for 2025:

  1. Adoption of the International Auditing and Assurance Standards Board (IAASB) Revised Going Concern Standard
  2. Adoption of the IAASB Revised Fraud Standard
  3. Adoption of the IAASB Public Interest Entity (PIE) changes to standards (Track 1)
  4. Adoption of the IAASB PIE changes to standards (Track 2)
  5. Adoption of the IAASB Sustainability Standard
  6. Banks Act Reports – Regulation 46
  7. Collective Investment Schemes (Special Purpose Audit Report)
  8. Enhanced Auditor Reporting Consequential Amendments to Industry Reports
  9. Medical Schemes Auditing Guide
  10. Modified Opinion Reporting Staff Alert
  11. Regulation 28 Pension Fund Guidance
  12. Regulation 28 Pension Fund Illustrative Reports
  13. Update to the Johannesburg Stock Exchange Guide
  14. Staff Audit Practice Alert – Technology.

You may share any input on any of the above projects by contacting standards@irba.co.za