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

Board Notices

Independent Regulatory Board for Auditors

Fees Payable to the IRBA with effect from 1 April 2022

Board Notice 222 of 2022

 

Board Notice 222

4 March 2022

GG 46000

 

The Fees Payable to the IRBA with effect from 1 April 2022

 

1.

Registration as an auditor:

 

1.1 Individual registration fee, payable on application for registration

R12 500.00

1.2 Proficiency interviews fee, payable on notification of interview (Application of the “Three-Year Rule”)

R2 450.00

1.3 IRBA selected as Tax Practitioner Controlling Body

R3 850.00

1.4 Firm registration, payable on application of registration

R6 240.00

1.5 Administration fee for cancellation or withdrawal from 1.1, 1.2, 1.3 and 1.4 above (Recovery of cost)

15% of the above applicable fee

2.

The annual renewal of registration fees payable by any individual registered as an auditor shall become due and payable on 1 April of every calendar year.

 

2.1 Annual renewal of registration payable by any person as long as he/she remains registered as an auditor

R9 920.00

2.2 Annual renewal of registration payable by any person who has selected the IRBA as his/her Tax Practitioner Controlling Body

R2 570.00

2.3 Administration fee for reinstatements annual renewal (not limited to reinstatements after lapsing).

R4 960.00

2.4 Administration fee for reinstatements tax practitioner controlling body (not limited to reinstatements after lapsing).

R1 280.00

3.

Once-off fees payable in respect of registration of training contracts:

 

3.1 Training contract

R3 270.00

4.

Once-off fees payable in respect of registration of an Audit Development Programme contract:

 

4.1 Audit Development Programme (ADP)

R7 280.00

4.2 Administration fee for cancellation or withdrawal from 4.1. above (Recovery of cost):

 

• Registered candidate auditor resigns within six (6) months. The IRBA has not conducted an introductory visit and an inspection visit

15% of the above fee

• Registered candidate auditor resigns within six (6) months. The IRBA has conducted an introductory visit, but not an inspection visit

50% of the above fee

• Registered candidate auditor resigns within six (6) months. The IRBA has conducted an introductory visit and an inspection visit

100% of the above fee

5.

ADP monitoring cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R1 300.00

6.

Inspection cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R2 670.00

7.

Hourly rate for actual time spent carrying out any other service rendered by the IRBA

R2 670.00

8.

Administrative fees

 

8.1 Late submission of Assurance Work Declaration and supporting documents.

R3 050.00

8.2 Under-declaring of Assurance Fees

5% of additional fees due

9.

Accreditation fees for professional bodies:

 

Application fee

Payable on application (non-refundable)

R68 560.00

Evaluation fee (up to a maximum of)

Payable on progress

Should the professional body withdraw its application for accreditation, the IRBA will charge for recovery of costs incurred

R2 031 790.00

Annual monitoring fee - Payable annually

R797 920.00