Finance Minister, Malusi Gigaba

The function of the IRBA is to help create an ethical, value-driven financial sector that encourages investment, creates confidence in the financial markets and promotes sound practices. 

Here are 5 things to know about the IRBA: 

1. The IRBA’s role is to protect the public by regulating the auditing profession and setting auditing and ethics standards.

2. South Africa has maintained its number one ranking for the strength of auditing and reporting standards for six years in a row according to the World Economic Forum’s Global Competitiveness report. 

3. The IRBA issued its first public Inspections report in 2015.

4. The IRBA launched the Auditing Development Programme, a new way of qualifying registered auditors in 2015.

5. The IRBA received approval of the South African Qualifications Authority (SAQA) for the Registered Auditor (RA) designation.