LATEST UPDATE

Final Pronouncement: Revisions to the IRBA Code of Professional Conduct for Registered Auditors Addressing Tax Planning and Related Services

In October 2024, the Independent Regulatory Board for Auditors (IRBA) approved the Final Pronouncement: Revisions to the IRBA Code of Professional Conduct for Registered Auditors (IRBA Code) Addressing Tax Planning and Related Services, for prescription and use by registered auditors (auditors).

To move away from a purely mechanical and legalistic approach, the goal of the amendments to the IRBA Code relating to Tax Planning and Related Services is to provide a principles-based framework and an ethical benchmark applicable to tax planning services and activities.

A video from the Committee for Auditor Ethics Tax Planning and Related Services Task Group Chairperson, presenting and highlighting the revisions, is available for viewing on:

https://www.youtube.com/watch?v=t2JZN0-rtnA

A Board Notice will be released in the Government Gazette, advising on the publication of the revisions to the IRBA Code, pursuant to the provisions of Section 10(1)(a) of the Auditing Profession Act, as amended.

For any further queries, please email: standards@irba.co.za