Final Pronouncement: Technology-related Revisions to the IRBA Code of Professional Conduct for Registered Auditors

The IRBA recently issued the Final Pronouncement: Technology-related Revisions to the IRBA Code of Professional Conduct for Registered Auditors, available on:
https://www.irba.co.za/guidance-for-ras/ethics:-the-rules-and-the-code/the-irba-code-revised-april-2023

These technology-related revisions will guide the ethical mindset and behaviour of registered auditors as they take advantage of the opportunities that technology is creating, and adapt to new technology.

The amendments highlight the importance of professional competence and due care, as well as confidentiality, and address complexity in the context of technology-related developments.

The revisions will come into effect as follows:
• Revisions to Parts 1 to 3 – effective as of 15 December 2024.
• Revisions to Part 4A – effective for audits and reviews of financial statements for periods beginning on or after 15 December 2024.
• The conforming and consequential amendments to Part 4B – effective for periods beginning on or after 15 December 2024.

A Board Notice will be released in the Government Gazette, advising on the publication of the revisions to the IRBA Code. Should you have any queries, email standards@irba.co.za