LATEST UPDATE
REMINDER:
Upcoming and Newly Effective Audit-related Rules, Pronouncements and Revisions
We would like to remind registered auditors and other interested parties of the several amendments that have become, or are soon to be effective. These changes apply to certain sections of the Independent Regulatory Board for Auditors (IRBA) Code of Professional Conduct for Registered Auditors (IRBA Code), the IRBA Rules and the IRBA Pronouncements.
| Publication | Audits or reviews of financial statement for periods ending on or after: |
|---|---|
| Guide for Registered Auditors: Joint Audit Engagements (Revised May 2024) | 31 December 2024 |
| IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities (EAR Rule) | Â 15 December 2024 |
| South African Auditing Practice Statement (SAAPS) 3 (Revised March 2024), Illustrative Reports | Â 15 December 2024 |
| IRBA Staff Audit Practice Alert 9: Guidance on the IRBA EAR Rule | Â 15 December 2024 |
| IRBA Rule: Quality Management (Assembly and Retention of Audit Documentation) | Â 15 December 2024 |
| Revisions to Listed Entity and Public Interest Entity (PIE) Definitions in the IRBA Code | Â 15 December 2024 |
| Narrow-scope amendments to ISA 700 (Revised); and ISA 260 (Revised) as a Result of the Revisions to the IESBA Code that Require a Firm to Publicly Disclose When a Firm Has Applied the Independence Requirements for PIEs | Â 15 December 2024 |
| Revisions to the IRBA Code – Technology-related Revision 15 December 2024 | 15 December 2024 |
For further information, visit the IRBA website on: https://www.irba.co.za/
For queries, please email standards@irba.co.za