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Independent Regulatory Board for Auditors

Official source

Source domain: irba.co.za

Collected on 28 June 2026

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What this means

The document is an exposure draft issued by the IRBA CFAS titled Proposal Guide (Revised 20XX) for Registered Auditors: Assurance Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme. It explains the purpose, scope and anticipated revisions to guidance for auditors of medical schemes, including alignment with updated ISAs, IFRS 17 impacts, and new appendices for service organisations. It invites public comment by 27 August 2026 and outlines key revisions and effective date considerations.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

public consultation opportunityClosed

Public comment on the Exposure Draft: Proposed Guide (Revised 20XX) for Registered Auditors: Assurance Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme

Registered auditors and other stakeholders can provide feedback on the proposed guide that outlines updated audit practices for medical schemes. Comments are welcome on any aspect of the guide, especially those related to specific paragraphs, illustrative reports, and suggested wording changes. Feedback should be submitted in both Word and PDF formats.

Who it is for
registered auditors, financial professionals, stakeholders involved in medical scheme audits
How to act on it
email feedback in Word and PDF formats to the Committee for Auditing Standards (CFAS)
Closes
27 August 2026
Show the line this came from
The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) has approved the issuing of the Exposure Draft (ED): Proposed Guide (Revised 20XX) for Registered Auditors: Assurance Engagements on the Annual Financial Statements and Annual Statutory…

Facts

Places

City of Johannesburg, Gauteng

Key Takeaways

  • organization: Independent Regulatory Board for Auditors (IRBA)
  • committee: Committee for Auditing Standards (CFAS)
  • document: Exposure Draft (ED) Proposed Guide (Revised 20XX)
  • subject: Assurance engagements on annual financial statements and annual statutory returns of a medical scheme
  • comment deadline: 27 August 2026
  • effective date: subject to the proposed date (not specified)
  • references: ISAs, IFRS 17, ISA 570 Revised 2024, ISA 240 Revised, ISQMs, ISRE 2400 Revised
  • appendix: Appendix 12 - examples of use of service organisations in medical schemes
  • jurisdiction: South Africa (Johannesburg)
  • target: registered auditors

Dates

Closing Date (read from the document by Govermate)

27 August 2026