IRBA Achieves a Clean Audit Report amidst Resource Constraints and Cost Containment Measures
The IRBA Annual Report was recently tabled in Parliament. With the Auditor-General South Africa as its auditor, the IRBA received a clean audit opinion for the 2022/2023 financial year.
During the year under review, the IRBA met the majority of its performance targets.
The 2023 Annual Report may be downloaded from the IRBA website at www.irba.co.za
Recent Articles
Overview of the IFRS for SMEs Accounting Standard 2025 Update
Your Content Goes Here On 27 February 2025, the International Accounting Standards Board (IASB) issued the third edition of the IFRS for SMEs® Accounting Standard. This edition aligns SME accounting more [...]
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: Auditing accounting estimates Every set of financial statements contains accounting estimates made by management. Estimates may, however, contain [...]
Professional Scepticism
Your Content Goes Here Misstatements in financial statements originate from errors or fraud. The risks of these occurring can only be appropriately determined with a thorough understanding of circumstances, systems [...]
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: Corroborating evidence for client discussions Enquiry is an audit procedure used extensively throughout the audit, in addition to [...]
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: Going concern South Africa’s persistent economic challenges, including load shedding, high unemployment, inflationary pressures, political uncertainty, and constrained [...]
Audit of Body Corporates and Homeowners’ Associations
Your Content Goes Here Difference between body corporates and homeowners’ associations While both body corporates and homeowners’ associations fall under Community Schemes Ombud Service (CSOS) regulations, homeowners’ associations are [...]