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Auditing Profession Amendment Act 5 of 2021 (English / Sesotho)Act5 of 2021

Auditing Profession Amendment Act 5 of 2021 (English / Sesotho)Act5 of 2021
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To amend the Auditing Profession Act, 2005, so as to insert a deſnition; to strengthen the governance of the Regulatory Board; to strengthen the investigating and disciplinary processes; to provide for the power to enter and search premises and to subpoena persons with information required for an investigation or disciplinary process; to provide for the power.
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New bill aims to give auditing regulator teeth

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

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Mboweni sacks entire Irba board, throwing the audit wat...

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. ....

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Mboweni dissolves entire Irba board after controversial CEO appointment

Mboweni dissolves entire Irba board after controversial CEO appointment
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

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Mboweni sacks full audit regulatory board over appointment of tainted Tongaat Hulett exec as CEO

Several board members had resigned since the new CEO was installed.
The finance ministry said the dissolution of the board was in line with legislation governing the auditing profession.
Nonkululeko Gobodo and former president of the Johannesburg Stock Exchange, Major General Roy Andersen, will be appointed as caretakers until a new board is appointed.
Finance Minister Tito Mboweni has dissolved the board of South Africa s auditing watchdog following a series of resignation of board members since the new CEO was installed.
In a statement issued on Thursday afternoon, the finance ministry said Mboweni met with the Independent Regulatory Board for Auditors (IRBA) board on Tuesday to discuss the resignation of a number of board members. ....

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