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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

8. Functions with regard to fees and charges

 

(1) The Regulatory Board must prescribe
(a) accreditation, registration, registration renewal and re-registration fees;
(b) annual fees, or a portion thereof in respect of a part of a year;
(c) the date on which any fee is payable; and
(d) the fees payable in respect of any examination referred to in section 37, conducted by an accredited professional body or the Regulatory Board.

 

(2) The Regulatory Board may prescribe—
(a) any fees payable for the purposes of the education fund referred to in section 7(2);
(b) fees payable for an inspection or review undertaken by the Regulatory Board in terms of section 47; and
(c) fees payable for any other service rendered by the Regulatory Board.

 

(3) The Regulatory Board may grant exemption from payment of any fees referred to subsection (1) or (2).