Pending Disciplinary and Finalised Investigation Matters
LEAF Quality Systems (Pty) Ltd2026-08-28T13:55:36+02:00CIPC Notice 35 of 2026 clarifies transitional provisions for sections 30A and 30B of the amended Companies Act.
Applying Ethics in Practice Webinar
Leaf Quality Systems2026-08-12T09:05:35+02:00Back by popular demand. A practical ethics webinar for accounting and audit professionals. What You Will Learn The ground rules of professional ethics and their importance in audit quality The latest ethical pronouncements and developments How to identify, evaluate and address threats to compliance with ethical requirements The relationship between independence, ethics and professional scepticism How to apply ethical requirements to practical audit scenarios Appropriate documentation of ethical considerations and conclusions How to reflect on and strengthen your own ethical decision-making  Content and outline: To explain the following concepts and demonstrate their practical application: [...]
Fraud: ISA 240 (Revised) Webinar
Leaf Quality Systems2026-07-20T12:35:19+02:00Understanding the revised fraud standard and its impact on audit engagements Overview Although auditors are not forensic investigators, they have a fundamental responsibility to apply professional scepticism throughout every audit engagement. High-profile corporate failures across the globe have intensified public scrutiny of auditors' responsibilities relating to fraud, leading to increased expectations from regulators, investors, and other stakeholders. To address evolving fraud risks, changing public expectations, and increasingly complex business environments, the revised ISA 240 introduces enhanced requirements for identifying, assessing, and responding to fraud risks during an audit. This practical course provides participants with a [...]
Fraud: ISA 240 (Revised) Webinar
Leaf Quality Systems2026-07-20T12:23:48+02:00Understanding the revised fraud standard and its impact on audit engagements Overview Although auditors are not forensic investigators, they have a fundamental responsibility to apply professional scepticism throughout every audit engagement. High-profile corporate failures across the globe have intensified public scrutiny of auditors' responsibilities relating to fraud, leading to increased expectations from regulators, investors, and other stakeholders. To address evolving fraud risks, changing public expectations, and increasingly complex business environments, the revised ISA 240 introduces enhanced requirements for identifying, assessing, and responding to fraud risks during an audit. This practical course provides participants with a [...]
Key Audit Issues and Trends in Fraud Risk Discussions
LEAF Quality Systems (Pty) Ltd2026-09-03T16:13:34+02:00Fraud 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 to fraud. Included in these procedures is a requirement to make enquiries of management and those charged with governance regarding fraud-related considerations. Auditors frequently include very limited evidence of these required discussions on the audit file, with only brief comments by the party interviewed and no further, or inadequate, audit considerations of whether these comments indicate the presence of potential fraud risks that demand further response. [...]
The Brain Drain of Audit Quality
LEAF Quality Systems (Pty) Ltd2026-09-03T16:13:36+02:00What’s News? The Brain Drain of Audit Quality For decades, audit quality, in general, has failed to prevent audit failures. Upgraded audit standards, and stricter independence requirements have been implemented in an attempt to address the challenge. In my opinion, there are a number of environmental factors being overlooked in the formal structures that set audit standards and educational standards, causing a drain on knowledge and experience in the profession, (the so-called ‘brain drain’). I am listing a few: Computer skills In my opinion, the brain drain started when personal computers were introduced into audit. Many manual calculations, [...]
Navigating the Path to Audit Excellence: An Overview of the IRBA 2025 Public Inspections Report
LEAF Quality Systems (Pty) Ltd2026-09-03T16:13:37+02:00Every 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 [...]
Pending Disciplinary and Finalised Investigation Matters
LEAF Quality Systems (Pty) Ltd2026-09-03T16:13:38+02:00LATEST 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 [...]
Failure to assess non-compliance under NOCLAR and report RIs
LEAF Quality Systems (Pty) Ltd2026-09-03T16:14:19+02:00Failure 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 defined in the APA [...]
Pending Disciplinary and Finalised Investigation Matters
LEAF Quality Systems (Pty) Ltd2026-09-03T16:14:21+02:00LATEST 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 [...]