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IRBA calls for board nominations

IRBA calls for board nominations
The caretaker board appointed by finance minister, Tito Mboweni, to guide the Independent Regulatory Board for Auditors (IRBA) to a more stable position has called for nominations for new board members.
123rf.comThe notice for nominations was published in the
Government Gazette, and an advert will also appear in
Business Day and
Business Times.
The caretaker board is made up of Nonkululeko Gobodo and Roy Andersen. They will be assisted in the selection and interview process by the acting accountant general from National Treasury, Karen Maree. The three will form the nominations committee.
29 Jan 2021
The applications close on March 31, which will be followed by a shortlisting process based on the applications. Shortlisted applicants will be interviewed and the nominations committee will then table a proposed list of suitable candidates that will allow the minister to appoint up to 10 board members. ....

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Big audit firms make amends – but is it enough?

On Monday, Frankfurt-listed Steinhoff announced several measures that will bring it closer to settling several multijurisdictional legacy litigation issues that have hamstrung the firm since it collapsed under the weight of its $7.4-billion accounting fraud in 2017.
A key player in these agreements is Steinhoff’s former auditor, Deloitte, which many believe could have taken steps to prevent the fraud that impoverished thousands of shareholders.
The agreement sees Deloitte chip in €70-million (R1.24-billion) to help Steinhoff pay the global settlement proposal announced last July. The proposal saw Steinhoff offer €266-million to big investors who suffered losses following the group’s collapse. ....

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Five-year mandatory rotation for audit firms – Cosatu – The Citizen

The Citizen brings you breaking news, current affairs, celebrity and entertainment news, as well as sport news throughout the day. More news. Your way. ....

Tongaat Hulett , Big Four , National Assembly , Independent Regulatory Board , Auditing Profession Amendment Bill , Open Secrets , பெரியது நான்கு , தேசிய சட்டசபை , சுயாதீனமான ஒழுங்குமுறை பலகை , தணிக்கை ப்ரொஃபெஶந் திருத்தம் ர சி து , திறந்த ரகசியங்கள் ,

New bill aims to give auditing regulator teeth

And it s expected to become law shortly. ....

South Africa , South African , National Assembly , Standing Committee On , Standing Committee On Finance , National Council Of Provinces , Auditing Profession Amendment Bill , Standing Committee , Auditing Profession Act , Independent Regulatory Board , National Council , தேசிய சட்டசபை , நின்று குழு ஆன் , நின்று குழு ஆன் நிதி , தேசிய சபை ஆஃப் மாகாணங்கள் , தணிக்கை ப்ரொஃபெஶந் திருத்தம் ர சி து , நின்று குழு , தணிக்கை ப்ரொஃபெஶந் நாடகம் , சுயாதீனமான ஒழுங்குமுறை பலகை , தேசிய சபை ,

Audit Reform Act: Almost a reality — and almost appro...

The Select Committee on Finance (National Council of Provinces) will have its briefing with the National Treasury and the Independent Regulatory Board for Auditors (Irba) on the Auditing Profession Amendment Bill on 2 February. This is according to the Parliamentary Monitoring Group, which on Monday announced Parliament’s upcoming daily schedule.
Other follow-up dates in February include the consideration of public submissions on the bill, on the 9th, while the consideration process of the policy and bill, clause by clause, will take place on the 16th. The consideration and adoption of a committee report on the bill will take place on the 18th, according to Treasury officials. ....

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