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

Chapter II : Independent Regulatory Board for Auditors

Part 2 : Functions of Regulatory Board

6. Functions with regard to registration of auditors and candidate auditors

 

The Regulatory Board must, subject to this Act—

(a) prescribe minimum qualifications, competency standards and requirements for registration of auditors and candidate auditors in addition to those provided for in this Act;
(b) consider and decide on any applications for registration of auditors and candidate auditors;
(c) prescribe the period of validity of the registration of a registered auditor and a registered candidate auditor;
(d) keep registers of registered auditors and registered candidate auditors and decide on—
(i) the registers to be kept;
(ii) the maintenance of the registers; and
(iii) the reviewing of the registers and the manner in which alterations thereto may be effected;
(e) ensure that the registers of registered auditors and registered candidate auditors are at all reasonable times open to inspection by any member of the public;
(f) terminate the registration of registered auditors and registered candidate auditors in accordance with this Act; and
(g) prescribe minimum requirements for the renewal of registration and re-registration of registered auditors and registered candidate auditors.

 

[Section 6 substituted by section 2 of of Act No. 2 of 2015]