Tag: Auditing Professions Act (APA)
The need for reforms in South Africa’s auditor liability regime
In the 2013 Report on the Observance of Standards and Codes (ROSC Report), one of the recommendations provided was the need for South Africa to consider enacting a law that would allow audit firms to organise as limited liability partnerships (LLPs).
Minister of Finance increases maximum monetary fines for auditors
South Africa's Minister of Finance increased the maximum fines that the Independent Regulatory Board for Auditors can impose on auditors for misconduct.
