Auditing Profession Amendment Act, 5 of 2021
Summary
The Auditing Profession Act was amended by the Auditing Profession Amendment Act, 5 of 2021
Overview
The Auditing Profession Act was amended to strengten the governance of the Regulatory Board, to provide for the power to enter and search premises and to subpoena persons for information
Description
The purpose of the amendments is to amend the Auditing Profession Act, 2005, so as to insert a definition; 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 to issue a warrant for purposes of
entering and searching of premises; to provide for processes to be followed after an
investigation; to provide for sanctions in admission of guilt process and following a
disciplinary hearing; to provide for offences relating to investigation and
disciplinary process; to provide for the protection and sharing of information; to
provide for transitional measures
| Author | South African Parliament |
|---|---|
| Division | Audit and Assurance > Legislation and governance |
| Keywords | Auditing Profession Amendment Act |
| Categories | Legislation |
| Date | April 2021 |