WHAT: South African LAW.
WHO: IRBA (Independent Regulatory Board for Auditors) – only
External Auditors.
Comment APA CPC
ACTS > CODES South African Act. International Code.
Applicable to all ‘Professional
Applicable only to Registered
WHO Accountants’ as defined by
Auditors and IRBA.
the CPC.
NON-COMPLIANCE
Criminal prosecution and/or a
If a person is both
fine. You can go to prison ;) Disciplinary action with a fine
an RA and a
and/or a suspension /
CA(SA), non-
Not using ISAs = non- termination of membership.
compliance referred
compliance.
to IRBA.
SAICA is a
Regulated by IRBA.
membership body Applied by SAICA.
IRBA reports to parliament.
and not a regulator.
Prescribed Auditing Standards = International Standards of Auditing.
NOT governmental entities – AGA (SA).
WHO: IRBA (Independent Regulatory Board for Auditors) – only
External Auditors.
Comment APA CPC
ACTS > CODES South African Act. International Code.
Applicable to all ‘Professional
Applicable only to Registered
WHO Accountants’ as defined by
Auditors and IRBA.
the CPC.
NON-COMPLIANCE
Criminal prosecution and/or a
If a person is both
fine. You can go to prison ;) Disciplinary action with a fine
an RA and a
and/or a suspension /
CA(SA), non-
Not using ISAs = non- termination of membership.
compliance referred
compliance.
to IRBA.
SAICA is a
Regulated by IRBA.
membership body Applied by SAICA.
IRBA reports to parliament.
and not a regulator.
Prescribed Auditing Standards = International Standards of Auditing.
NOT governmental entities – AGA (SA).
