Exposure Draft: Proposed Guide for Registered Auditors (Revised), Joint Audit Engagements

The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) has approved, for issue, the Exposure Draft: Proposed Guide for Registered Auditors (Revised), Joint Audit Engagements (proposed Guide (Revised)), available on:
https://www.irba.co.za/upload/Proposed%20Guide_Joint%20Audit%20Engagements%20(Revised%20XX%2020XX)(2).pdf

The Exposure Draft (ED), which was approved for exposure in November 2023 for a 90-day period, provides guidance to registered auditors (auditors) on the application of International Standards on Auditing and IRBA pronouncements when auditors or firms perform a joint audit engagement.

The CFAS will approve and issue the final Guide (Revised) in May 2024, and it will be effective for audits of financial statements for periods beginning on or after 31 December 2024.

Comments, in Word format, should be emailed to standards@irba.co.za by 29 February 2024. For any queries, email standards@irba.co.za