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Auditing Profession Act (Act 26 of 2005)
Official source
Source domain: irba.co.za
Collected on 28 June 2026
Always confirm details on the official source before acting.
What this means
The Auditing Profession Act establishes the Independent Regulatory Board for Auditors and outlines its roles in registration, accreditation, education and professional development of auditors, as well as governance, funding and oversight. It sets out the board’s general and specific powers, functions, and committees (auditor ethics and auditing standards), and details eligibility, appointments, and governance structures for regulatory oversight of auditors and candidate auditors. The document also lists amendments and dates of implementation and related acts affecting it.
Facts
Parties
National government oversight and executive authority, It sets out the board
Key Takeaways
- Act name: Auditing Profession Act
- Act number: No. 26 of 2005
- Assented date: 12 January 2006
- Commencement date: 1 April 2006
- Amendments: No. 2 of 2015; No. 5 of 2021; Financial Matters Amendment Act No. 9 of 2023
- Regulatory body: Independent Regulatory Board for Auditors
- Functions: accreditation of professional bodies, registration of auditors/candidate auditors, education/training/professional development, fees/charges
- Committees: Committee for auditor ethics, Committee for auditing standards, investigating and disciplinary committees
- Oversight: National government oversight and executive authority
- Key framework terms: governance, funding, annual budget, strategic plan, financial statements, annual report