QM Standards Implementation Guides and Other Related Material
Since the previous IRBA communication issued on 2 July 2021, QM implementation materials have been published for SAICA, IAASB and IFAC, available on the IRBA’s dedicated QM webpage:
The IFAC materials are:
The IFAC developed and published a three-part series that provides tips and guidance for the practical implementation of the QM standards.
+ Instalment One: It is time to Get Ready for the New Quality Management Standards, published on 31 October 2022
+ Instalment Two: Developing a Detailed Implementation Plan, issued on 5 July 2023
+ Instalment Three is expected to be published only later this year.
Additional QM-related material may be accessed on IFAC’s QM webpage, available on:
Recent Articles
Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications
Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications On 22 May 2026, sections 5, 6 and 19 of the Companies Amendment Act 16 of 2024 [...]
Fee-related Disclosures
Fee-related disclosures Audit regulators frequently identify audit documentation deficiencies when it comes to fee-related disclosures required by the IESBA Code for audits of public interest entities. Auditors often fail to document their considerations, [...]
Key Audit Issues and Trends in Fraud Risk Discussions
Fraud Risk Discussions ISA 240 requires auditors to perform specific procedures as part of the normal risk assessment procedures during audit planning to obtain information relevant to identifying risks of material misstatement, due [...]
Navigating the Path to Audit Excellence: An Overview of the IRBA 2025 Public Inspections Report
Every year, the IRBA issues its Public Inspections Report to provide the profession with critical insights into topical deficiencies, and trends identified during the inspection of audit firms [...]
Photographic Evidence
When an auditor obtains photographic evidence to support audit procedures, the requirements for audit evidence need to be considered, i.e. Sufficient and appropriate Relevant and reliable Accurate and [...]
Key Audit Issues and Emerging Trends in Financial Reporting Compliance
Your Content Goes Here Verification of compliance with the financial reporting framework Auditors frequently make use of disclosure checklists to verify compliance with the requirements of the relevant financial reporting framework. When making [...]