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

Board Notices

Independent Regulatory Board for Auditors (IRBA)

Fees Payable to the IRBA with effect from 1 April 2021

Board Notice 13 of 2021

 

Board Notice 13

12 March 2021

GG 44257

 

The Fees Payable to the IRBA with effect from 1 April 2021

 

1.

Registration as an auditor:

 


1.1 Individual registration fee, payable on application for registration

R11 580.00


1.2 Proficiency interviews fee, payable on notification of interview (Application of the “Three-Year Rule”)

R2 270.00


1.3 IRBA selected as Tax Practitioner Controlling Body

R3 570.00


1.4 Firm registration, payable on application of registration

R5 780.00


1.5 Administration fee for cancellation or withdrawal from 1.1, 1.2 ,1.3 and 1.4 above (Recovery of cost)

15% of the above applicable fee

2.

The annual renewal of registration fees payable by any individual registered as an auditor shall become due and payable on 1 April of every calendar year.

 


2.1 Annual renewal of registration payable by any person as long as he/she remains registered as an auditor

R9 190.00


2.2 Administration fee for reinstatements annual renewal (not limited to reinstatements after lapsing).

R4 595.00


The annual renewal of registration fees payable for an individual who has elected the IRBA as their controlling body

 


2.3 Annual renewal of registration payable by any person who has selected the IRBA as his/her Tax Practitioner Controlling Body

R2 380.00


2.4 Administration fee for reinstatements tax practitioner controlling body (not limited to reinstatements after lapsing).

R1 190.00

3.

Once-off fees payable in respect of registration of training contracts:

 


3.1 Training contract

R3 030.00

4.

Once-off fees payable in respect of registration of an Audit Development Programme contract:

 


4.1 Audit Development Programme (ADP)

R6 840.00


4.2 Administration fee for cancellation or withdrawal from 4.1. above (Recovery of cost):

 


Registered candidate auditor resigns within six (6) months. The IRBA has not conducted an introductory visit and an inspection visit

15% of the above fee


Registered candidate auditor resigns within six (6) months. The IRBA has conducted an introductory visit, but not an inspection visit

50% of the above fee


Registered candidate auditor resigns within six (6) months. The IRBA has conducted an introductory visit and an inspection visit

100% of the above fee

5.

ADP monitoring cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R1 210.00

6.

Inspection cancellation fees payable:

Total time as allocated for the inspection when scheduled, and as communicated to the registered auditor at the time, at a standard rate per hour per inspector scheduled

R2 480.00

7.

Hourly rate for actual time spent carrying out any other service rendered by the IRBA

R2 480.00

8.

Administrative fees

 


8.1 Late submission of Assurance Work Affidavit and supporting documents.

R2 830.00


8.2 Under-declaring of Assurance Fees

5% of additional fees due

9.

Accreditation fees for professional bodies:

 


Application fee

Payable on application (non-refundable)

R63 490.00


Evaluation fee (up to a maximum of)

Payable on progress

Should the professional body withdraw its application for accreditation, the IRBA will charge for recovery of costs incurred

R1 881 290.00


Annual monitoring fee - Payable annually

R738 820.00