Audit matters

Revised, Transitional Assurance Report of the Independent Auditor on Attorneys' Trust Accounts   Johannesburg / 29 August 2008 In the previous IRBA's communication to the Registered Auditors dated 8 August 2008 regarding t...

The South African Institute of Chartered Accountants Circular 10/2005 1 Issued August 2005 REPORTING ON ATTORNEYS’ TRUST ACCOUNTS IN TERMS OF THE ATTORNEYS ACT AND THE RULES OF THE LAW SOCIETIES Introduction In terms...

Which bank charges in an attorney’s trust account are recoverable from the Attorney Fidelity Fund? Monthly basic fee Some banks charge a minimal monthly fee, sometimes described as an administrative fee. This fee is recoverable fr...

 Am i correct that exempted Micro enterprises can either be a level 4 or 3 contributor where turnover is less than R5m p.a. In terms of govt gazette no 29617, an EME can qualify for a level 3 status if further the entity is more than 50% black o...

  Independent reviews not necessarily simpler, or cheaper, than audits Last Updated Jan 2011 Printer Friendly Version Email this page to a friend Johannesburg, Monday, 18 January 2010 - Decision makers who consider a review...

Please help me with reading the Act, Amendment bill and the regulations : If a private company has a public interest score of more than 350 (or more than 100 and the financial statements are internally prepared) will it have to be audited even t...

  Attorney's Trust Accounts – what to keep in mind! The Joint Attorneys and Accountants Committee (JAAC) has dealt with a number of new initiatives and developments in the recent past. The guidance document For the information of mem...

 Compilation of financial statements and related matters   Question   Regulation 27(1) to the Companies Act determines that a company’s financial statements may be compiled internally or independently. A company’s fina...

 Illustrative ISRE 2400 Independent Reviewer’s Reports Johannesburg / 08 September 2011   The Committee for Auditing Standards (CFAS) wishes to respond to requests from registered auditors (RAs) for interim guidance for an illustrat...

“In the event that any uncertainty in the calculation of the PI Score is likely to have a significant impact on the final PI Score, it is recommended that the company obtains expert legal advice from a commercial law firm.” Public ...