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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 2019

Board Notice 24 of 2019

 

Board Notice 24 of 2019

1 March 2019

GG 42258

 

The Fees Payable to the IRBA with effect from 1 April 2019

 

1.

Registration as an auditor:

 


1.1 Individual registration, payable on application for registration

R10 210.00


1.2 Proficiency interviews, payable on notification of interview

(Application of the “Three-Year Rule”)

R1 730.00


1.3 Application for recognition as tax practitioner with IRBA as RCB

R1 050.00


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

15% of the above applicable fee


Note: No firm registration fee is payable and the registration fee includes the first-year annual 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

R8 100.00


2.2 Annual renewal of tax practitioner status payable by any registered auditor who is recognised as a tax practitioner with IRBA as RCB

R2 100.00


2.3 Administration fee for reinstatements (not limited to reinstatements after lapsing)

R4 050.00


2.4 Administration fee for reinstatement of tax practitioner recognition

R1 050.00


Note: Requests for reinstatement will be processed up until 31 January 2020.  No applications for re-registration by RAs who fail to pay any of the above annual fees will be processed before 1 February 2020.

 

3.        

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

 


3.1 Training contract

R2 680.00

4.

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

 


4.1        Audit Development Programme (ADP)

R6 120.00


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 080.00

 

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 200.00

7.

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

R2 200.00

8.

Assurance fees

 


8.1 Penalty for late submission of Assurance Work Affidavit and supporting documents

R2 500.00


8.2 Penalty for under-declaring of Assurance Fees

5% of additional fees due

9.

Accreditation fees for professional bodies

 


Application fee

Payable on application (non-refundable)

R55 990.00


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 658 990.00


Annual monitoring fee - Payable annually

R651 520.00

 

 

 

 


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