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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 2023

Board Notice 405 of 2023

 

Board Notice 405

17 March 2023

GG 48221

 

The Fees Payable to the IRBA with effect from 1 April 2023

 

1.

Registration as an auditor:

 

1.1 Individual registration fee, payable on application for registration

R13 500.00

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

R2 640.00

1.3 Firm registration, payable on application of registration

R6 730.00

1.4 Administration fee for cancellation or withdrawal from 1.1, 1.2, 1.3 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 as an auditor

R10 710.00

2.2 Administration fee for reinstatement of an annual renewal (not limited to reinstatements after lapsing).

R5 355.00

3.

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

 

3.1 Training contract

R3 530.00

4.

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

 

4.1 Audit Development Programme.

R7 600.00

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

 

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

15% of the above fee

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

50% of the above fee

• (RCA) 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 400.00

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 880.00

7.

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

R2 880.00

8.
• Accreditation fees for professional bodies:

 

– Application fee

Payable on application (non-refundable)

R74 040.00

– 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 194 330.00

• Annual monitoring fee - Payable annually

R861 750.00