REMINDERS: Newly Effective Audit-Related Revisions and Standards-Related Exposure Draft

REMINDER: Recent amendments apply to the International Standards on Auditing (ISAs); the International Standards on Quality Management; certain sections of the IRBA Code (Revised April 2023); and the IRBA Pronouncements.

The revisions are:
• ISA 600 (Revised), Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) and the Conforming and Consequential Amendments to Other International Standards
• Revisions to the IRBA Code relating to the Definition of Engagement Team and Group Audits
• South African Auditing Practice Statement 3 (Revised May 2019), Illustrative Reports
• Revised Guide for Registered Auditors (Revised November 2018), Assurance Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme
• Auditor’s Report Template: Audit of the Financial Statements of a Large Retirement Fund (Schedule D)

Comments on the Exposure Draft: Proposed Guide for Registered Auditors (Revised), Joint Audit Engagements, issued on 29 November 2023, must be submitted by 29 February 2024. The Exposure Draft is available on:

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