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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 2024

Board Notice 569 of 2024

 

Board Notice 569

23 February 2024

GG 50164

 

The Fees Payable to the IRBA with effect from 1 April 2024 to 31 March 2025

 

1.

Registration as an auditor:

 

1.1 Individual registration, payable on application for registration

R14 310.00

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

R2 790.00

1.3 Firm registration, payable on application of registration

R7 130.00

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

R11 350.00

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

R5 675.00

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 contract:

 

4.1 Audit Development Programme.

(Fee exemption on Audit Development Programme only - no fees payable to the IRBA for 1 April 2024 to 31 March 2025)

R0.00

5.

ADP monitoring cancellation fees payable:

5.1 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 480.00

6.

Inspection cancellation fees payable:

6.1 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

R3 050.00

7.

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

R3 050.00

8.

Accreditation fees for professional bodies:

 

8.1 Application fee

Payable on application (non-refundable)

R78 480.00

8.2 Evaluation fee (up to a maximum of)

Payable on progress

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

R2 325 980.00

8.4 Annual monitoring fee - payable annually

R913 450.00