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IRBA Anonymous Tip-Offs

2026-05-29T16:15:14+02:00

LATEST UPDATE IRBA Anonymous Tip-Offs The IRBA has created a separate email address to receive tip-offs. Tip-offs and other relevant information from the public are seen as important sources for the IRBA’s regulatory mandate. Information may be provided anonymously. The primary benefit of such a process is enhanced proactiveness of the risk-based inspections approach, which is already implemented in international jurisdictions, where tip-offs are received anonymously. Some information received through this process may yield similar proactive benefits for other IRBA departments, ultimately assisting in earlier regulatory intervention. Anonymous tip-offs are expected to empower those who [...]

IRBA Anonymous Tip-Offs2026-05-29T16:15:14+02:00

Navigating the Path to Audit Excellence: An Overview of the IRBA 2025 Public Inspections Report

2026-06-05T13:16:01+02:00

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 and engagements. The 2025 report, which was issued in March 2026, serves as a vital tool for auditors to identify gaps within their own practices and implement the remedial measures necessary to address these gaps. A risk-based inspection approach The IRBA continues to employ a risk-based approach to its inspections. The past cycle addressed inspections through three primary avenues: Theme-based inspections Firm-wide inspections The monitoring of [...]

Navigating the Path to Audit Excellence: An Overview of the IRBA 2025 Public Inspections Report2026-06-05T13:16:01+02:00

Clients’ Use of Service Organisations

2026-04-29T13:31:34+02:00

LATEST UPDATE Clients’ Use of Service Organisations In the latest issue of IRBA News, Issue 73, an article was published on insights and observations on auditing clients' use of service organisations in inspections. The article includes reflections on complexities in audits, where the use of service organisations directly impacts the audit of the user entity's financial statements; references to relevant audit requirements; and common inspections observations. The most common inspections observations include the failure by auditors to identify the use of service organisations, and identification of service organisations without obtaining sufficient audit evidence supporting the [...]

Clients’ Use of Service Organisations2026-04-29T13:31:34+02:00

Pending Disciplinary and Finalised Investigation Matters

2026-04-29T13:27:40+02:00

LATEST UPDATE Pending Disciplinary and Finalised Investigation Matters In the latest issue of IRBA News, Issue 73, eight disciplinary matters pending disciplinary hearings and 22 finalised investigation matters were reported. Current open matters involve eight categories of improper conduct. The most common charge is failure to exercise due care and skill. Other frequent charges include insufficient appropriate audit evidence, dishonesty and integrity issues, as well as non-declaration of assurance work. Tax and accounting issues, independence, the Prevention and Combating of Corrupt Activities Act, and executor or trustee duties make up the remaining categories. In several [...]

Pending Disciplinary and Finalised Investigation Matters2026-04-29T13:27:40+02:00

New IRBA Data Reveals What Really Drives Audit Quality in South Africa

2026-04-29T13:01:06+02:00

LATEST UPDATE New IRBA Data Shows how Independence, Resourcing and Review Practices are Shaping Audit Quality in South Africa The Independent Regulatory Board for Auditors (IRBA) has released its 2025 Audit Quality Indicators (AQI) Survey Report, providing insights into the key operational and behavioural factors that influence audit quality across audits of public interest entities in South Africa. Now in its seventh year, the AQI Survey draws on data submitted by 14 audit firms covering some 536 completed public interest entity audits. The 2025 results highlight how decisions relating to auditor independence, resourcing, supervision and [...]

New IRBA Data Reveals What Really Drives Audit Quality in South Africa2026-04-29T13:01:06+02:00

Audit Issues & Trends to Consider

2026-01-29T16:35:45+02:00

Your Content Goes Here Failure to assess non-compliance under NOCLAR and report RIs It was found that auditors often do not assess non-compliance as required. This is a two-stage, escalating obligation: NOCLAR per Section 360 of the IRBA Code: Requires auditors to identify, evaluate, and respond to actual or suspected non-compliance with laws and regulations (NOCLAR). Non-compliance may have a material effect on the financial statements, or may be fundamental to the entity's business (e.g. fraud, bribery and environmental breaches). Reportable Irregularity (RI) per APA Section 45: This is a specific, more severe subset of NOCLAR. An RI is [...]

Audit Issues & Trends to Consider2026-01-29T16:35:45+02:00

Pending Disciplinary and Finalised Investigation Matters

2026-01-29T15:32:53+02:00

LATEST UPDATE Pending Disciplinary and Finalised Investigation Matters In the latest issue of IRBA News, Issue 72, six disciplinary matters pending disciplinary hearings and 20 finalised investigation matters were reported. Current open matters involve eight categories of improper conduct. The most common charge remains insufficient appropriate audit evidence. Other frequent charges include dishonesty and integrity issues, as well as failure to exercise due care and skill. In several investigation matters, among others, sufficient, appropriate audit evidence was not obtained for material balances and disclosures; material misstatements were not appropriately identified, evaluated and addressed; appropriate professional [...]

Pending Disciplinary and Finalised Investigation Matters2026-01-29T15:32:53+02:00

IRBA Adopts the International Standard on Auditing 240 (Revised)

2025-12-09T14:22:33+02:00

LATEST UPDATE IRBA Adopts the International Standard on Auditing 240 (Revised) The Independent Regulatory Board for Auditors (IRBA) announced the adoption, issue and prescription of the International Standard on Auditing (ISA) 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (ISA 240 (Revised)), for use by registered auditors in South Africa. This follows the International Auditing and Assurance Standards Board’s (IAASB) release of ISA 240 (Revised) in July 2025. Recent high-profile corporate failures have intensified the public scrutiny of auditors’ responsibilities relating to fraud. As a result, the IAASB undertook [...]

IRBA Adopts the International Standard on Auditing 240 (Revised)2025-12-09T14:22:33+02:00

Revised Illustrative Reports and Applicability of the EAR Rule

2025-12-09T14:23:17+02:00

LATEST UPDATE Revised Illustrative Reports and Applicability of the EAR Rule The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) has approved the issuing of the revised illustrative reports for use by registered auditors when reporting on regulatory returns for banks, mutual banks, insurers and medical schemes, available on: https://www.irba.co.za/guidance-to-ras/technical-guidance-for-auditors/industry-specific-guides-and-regulatory-reports The narrow-scope amendments to ISA 700 (Revised) operationalise the changes to the IESBA Code related to PIEs. These changes, adopted into the IRBA Code, require firms to publicly disclose when the independence requirements for PIEs have been applied in an audit of [...]

Revised Illustrative Reports and Applicability of the EAR Rule2025-12-09T14:23:17+02:00

IRBA Highlights Heightened Responsibilities and Risks in Auditing Listed Entities

2025-12-09T13:30:03+02:00

LATEST UPDATE IRBA Highlights Heightened Responsibilities and Risks in Auditing Listed Entities The Independent Regulatory Board for Auditors (IRBA) reminds audit firms of the responsibilities and risks associated with auditing listed entities. It is imperative that audit firms rigorously apply the requirements of the International Standards on Quality Management, International Standards on Auditing, the IRBA Code, and other regulatory requirements before accepting such clients. The IRBA has adopted the ‘IFIAR Core Principles’, which requires a risk-based inspections programme. Some 80 percent of IRBA’s inspection resources are dedicated to monitoring audit firms that accept public interest [...]

IRBA Highlights Heightened Responsibilities and Risks in Auditing Listed Entities2025-12-09T13:30:03+02:00

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