CIPC Practice Note 3 of 2022

It is requested from Accounting Professional Bodies that a sample of the work (2-5 as a minimum) of independent reviewers be subjected to review/inspection to ensure that they are in adherence with the prescribed standards and regulations when engaging in the independent review process. All recognized Accounting Professional Bodies are therefore required to conduct the abovementioned reviews/inspections and that the outcomes of these reviews/inspections should form part of their annual reports that are submitted to CIPC from the 2023 reporting period.