Revisions to the IRBA Code of Professional Conduct (Revised April 2023)
The IRBA announced revisions in the IRBA Code related to the Final Pronouncement: Definition of Engagement Team and Group Audits.
These revisions are effective for audits and reviews of financial statements, and audits of group financial statements for periods beginning on or after 15 December 2023.
The final pronouncement is found on the IRBA website, available on:
Recent Articles
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: Reliance on expert reports Audit client management often employs experts to assist with determining values for complex estimates [...]
Proactive Audit Quality: A Continuous Improvement Approach Under ISQM 1
Proactive Audit Quality: A Continuous Improvement Approach Under ISQM 1 Audit quality is crucial for the financial integrity of financial information relied upon by stakeholders. Yet, many firms [...]
Newsletter February 2025
Bending the Rules Auditors often find themselves in a delicate situation where an audit client wants a certain outcome, while the rules do not allow it. The correct treatment is [...]
Newsletter January 2025
Changes in SAICA Training Regulations SAICA recently issued their updated SAICA 2025 Training Regulations, effective from 1 January 2025. Training officers must ensure that the current version of the training [...]
Newsletter November 2024
Audit Implications of IFRS 18 In the constantly evolving field of financial reporting, auditors must stay abreast of significant changes in accounting standards to ensure accurate and compliant financial statements. [...]
Newsletter October 2024
IRBA EAR Rule The IRBA Rule on Enhanced Auditor Reporting for the audit of financial statements of public interest entities (EAR Rule) was published in the Government Gazette on 15 [...]