Acts Online
GT Shield

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

Chapter III : Accreditation and Registration

Part 1 : Accreditation of professional bodies

33. Requirements for accreditation

 

In order to qualify for accreditation, a professional body must demonstrate, to the satisfaction of the Regulatory Board that—

(a) it complies with the prescribed requirements for professional development and achievement of professional competence;
(b) it has appropriate mechanisms for ensuring that its members participate in continuing professional development as recognised or prescribed by the Regulatory Board;
(c) it has mechanisms to ensure that its members are disciplined where appropriate;
(d) it is, and is likely to continue to be, financially and operationally viable for the foreseeable future;
(e) it keeps a register of its members in the form prescribed by the Regulatory Board;
(f) it has in place appropriate programmes and structures to ensure that it is actively endeavouring to achieve the objective of being representative of all sectors of the South African population; and
(g) it meets any other requirement prescribed by the Regulatory Board from time to time.