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

Board Notices

Independent Regulatory Board for Auditors

New Rules Regarding Improper Conduct and Code of Professional Conduct for Registered Auditors

Code of Professional Conduct for Registered Auditors

Part A : General Application of the Code

Section 120 : Objectivity

Purchase

120.1

The principle of objectivity imposes an obligation on all registered auditors not to compromise their professional or business judgment because of bias, conflict of interest or the undue influence of others.

120.2

A registered auditor may be exposed to situations that may impair objectivity. It is impracticable to define and prescribe all such situations. A registered auditor shall not perform a professional service if a circumstance or relationship biases or unduly influences the registered auditor’s professional judgment with respect to that service.