IAASB Announces Additional Ways to Engage on Audit Evidence and Risk Response Proposals
Leaf Quality Systems2026-09-07T15:43:18+02:00CIPC Notice 35 of 2026 clarifies transitional provisions for sections 30A and 30B of the amended Companies Act.
Review of Audit Files
LEAF Quality Systems (Pty) Ltd2021-09-19T17:17:03+02:00Review of Audit Files In many instances, the review of audit files by audit managers and partners has become more of a chore than an effort to add value and ensure audit quality. Many audit failures might have been prevented, if a thorough review were performed prior to signing the audit report. Performing timely reviews is critical and additional peace of mind may be gained when auditing a higher-risk client, by adding a safeguard in the form of an EQCR or independent file review on higher risk audits. Review basics The key to quality [...]
Fraud – IRBA Staff Audit Practice Alert 4
LEAF Quality Systems (Pty) Ltd2021-02-26T10:50:33+02:00Fraud - IRBA Staff Audit Practice Alert 4 The IRBA issued a staff audit practice alert in June 2020 to provide auditors with implementation guidance in responding to the risks of material misstatements due to fraud and/or non-compliance with laws and regulations. As is normally the case, this publication is quite lengthy and written in a format which makes it difficult for a practitioner to read and analyse in one sitting.This is a shorter interpretation of the alert to reduce the volume thereof and to highlight [...]