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Auditing Profession Act, 2005 (Act No. 26 of 2005)

Chapter II : Independent Regulatory Board for Auditors

Part 2 : Functions of Regulatory Board

5. Functions with regard to accreditation of professional bodies

 

The Regulatory Board must, subject to this Act

(a) prescribe minimum requirements for accreditation of professional bodies in addition to those provided for in this Act;
(b) consider and decide on any application for accreditation and grant such accreditation in full or in part;
(c) prescribe the period of validity of the accreditation;
(d) keep a register of accredited professional bodies and decide on—
(i) the register to be kept;
(ii) the maintenance of the register; and
(iii) the reviewing of the register and the manner in which alterations thereto may be effected; and
(e) terminate the accreditation of professional bodies in accordance with this Act.