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

Chapter II : Independent Regulatory Board for Auditors

Part 4 : Governance of Regulatory Board

15. Meetings

 

(1) The Regulatory Board meets as often as circumstances require, but at least four times every year, at such time and place as the Regulatory Board may determine.

 

(2) The chairperson may at any time convene a special meeting of the Regulatory Board at a time and place determined by the chairperson.

 

(3) Upon a written request signed by not less than three members of the Regulatory Board, the chairperson must convene a special meeting of the Regulatory Board to be held within three weeks after the receipt of the request, and the meeting must take place at a time and place determined by the chairperson.

 

(4) A majority of the members of the Regulatory Board constitutes a quorum at a meeting.

 

(5)
(a) Every member of the Regulatory Board, including the chairperson, has one vote.
(b) In the event of an equality of votes, the chairperson of the meeting has a casting vote in addition to his or her deliberative vote.