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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 2020

Board Notice 47 of 2020

 

Board Notice 47

20 March 2020

GG 43110

 

The Fees Payable to the IRBA with effect from 1 April 2020

 

1.

Registration as an auditor:

 

1.1 Individual registration fee, payable on application for registration

R11 030.00

1.2 Proficiency interviews fee, payable on notification of interview

R2 160.00

1.3 Application fee for IRBA to be Tax Practitioner Recognised Controlling Body, payable on application

R3 400.00

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

1.5 Firm registration fee, payable on application for registration

R5 510.00

2.

The annual renewal 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 750.00

2.2 Annual renewal fee payable by Tax Practitioners who elected the IRBA as their Recognised Controlling Body

R2 270.00

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

R4 375.00

3.

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

 

3.1 Training contract

R2 890.00

4.

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

 

4.1 Audit Development Programme (ADP)

R6 520.00

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 administration fees payable for cancellation:

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 160.00

6.

Inspection administration fees payable for cancellation:

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 370.00

7.

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

R2 370.00

8.

Administration fees

 

8.1 Late submission of Assurance Work Affidavit and supporting documents.

R2 700.00

8.2 Under-declaring of Assurance Fees

5% of additional fees due

9.

Accreditation fees for professional bodies:

 

9.1 Application fee

Payable on application (non-refundable)

R60 470.00

9.2 Evaluation fee (up to a maximum of)

Payable on progress

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

R1 791 710.00

9.4 Annual monitoring fee - Payable annually

R703 640.00