The Independent Regulatory Board for Auditors (Irba) has been thrown into another governance crisis after Finance Minister Tito Mboweni dissolved the entire board of a watchdog that investigates auditing failures in corporate SA. This means that Irba doesn’t have a permanent board and it doesn’t comply with the Auditing Profession Act, which requires the watchdog to have between six and 10 individuals on the board to quorate. In a statement on Thursday 28 January, the National Treasury said Mboweni – who oversees the governance of Irba but not its day-to-day administration – has appointed Nonkululeko Gobodo and Roy Andersen to act as “caretakers” until a permanent board has been appointed within the next three months.