South Africa - Registration of Individual Auditors and Firms

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Procedure

Apply In-Person:

1. To Apply for Registration of Individual Auditors and Firms, the applicant must go to the Independent Regulatory Board for Auditors (IRBA) office in South Africa. Contact Link
2. The application form “Form 2” must be obtained from the authorities at the IRBA office, or else it can be downloaded from the official website linked here. Application Form Link
3. If the applicant wishes to register a firm with one or more branches other than the head office of the firm, then they must attach the additional “Form 2A” along with the main Additional Application Form Link
4. Make sure that you have all the documents that are mentioned in the “Required Documents” section of this page.
5. The application form must be filled with all the necessary details, and along with the required documents it must be submitted to the official Email ID given here [email protected] .
6. After that the application will be verified by the IRBA officials.
7. If the details and the documents submitted by the applicant is valid and legitimate, and the Individual Auditors and Firms registration will be approved by the IRBA.
8. After the approval, the applicant will receive a letter confirming the registration of Individual Auditors and Firms by the IRBA officials.
9. The non-refundable registration fee of R6240.00 must be paid while submitting the application form to IRBA. The application processing starts only after the applicant submits the confirmation of registration fee payment to IRBA.
10. The processing time to register the Individual Auditors and Firms will take 4 to 6 weeks to if all the documents and fee payment are completed by the applicant, if not there will be a delay in the processing time.

Note: IRBA Banking Details to make registration fee payment is:

• Bank: Standard Bank
• Branch: Eastgate
• Branch Code: 018505
• Account Number: 221290532

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Required Documents

• Form 2. Application Form Link
• Form 2A. Additional Application Form Link
• Business plan.
• Quality (ISQC) Manual of the practice you intend to start.
• Name and RA number of RA identified as the practice’s Quality Reviewer.
• Copies of agreements entered into with the Quality Reviewer.
• Proof of payment or the copy of Cheque.
• Details of firm ownership and directorship, if applicable, including memorandum of incorporation, shareholders agreement, copy of shareholders register / securities register, share certificates and CIPC COR39 Form. Additional Form Link

Note:

• The business plan must contain more than an introduction. It must contain items such as:
  • The structure of the firm
  • Services offered by the firm
  • Resources (HR, IT etc. Including what software, the firm will be using)
  • Financial projections including revenue streams (such as will your clients be private or public sector clients; how will clients be sourced)
  • Organogram of firm.
  • Risk identification and mitigation strategy
  • Firm’s transformation strategy and objectives
• The Quality manual must contain,
  • all the established procedures and policies covering all aspects of ISQC1.
  • all your templates and checklists as identified in your manual.
• If the firm you wish to register is an incorporated company, we will require the following documents:
  • Copy of shareholders agreement indicating all the shareholders of the company.
  • Memorandum of incorporation of the company.
  • Copy of shareholders register / securities register and share certificates and Copy of the latest COR39 from CIPC indicating all the directors of the company.
• If the firm you wish to register is a partnership, we will require the following document:
  • Copy of partnership agreement or equivalent.

Office Locations & Contacts

INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
Physical address: Building 2, Greenstone Hill Office Park,
Emerald Boulevard, Modderfontein
GPS Co-ordinates: 26°7'0"S, 28°8'54"E
Postal address:P.O. Box 8237, Greenstone 1616
Tel: +27 010 496 0600
Fax: 086 482 3250
General Education Queries: [email protected]
General ADP Queries: [email protected]
RCA’s, ORA’s or ADP administration Queries: [email protected]
Address and Contact Link
Location Link

Eligibility

• Any registered auditors in SA are eligible to apply for firm registration with IRBA.

Fees

• Non-Refundable registration Fee – R6240.00.

Validity

• The firm registration is valid forever until terminated by the firm members. However, the firm must pay the annual fee to the IRBA every year.

Documents to Use

• Form 2. Application Form Link
• Form 2A. Additional Application Form Link
• Additional Form Link

Sample Documents

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Processing Time

• The processing time to register the Individual Auditors and Firms will take 4 to 6 weeks to if all the documents and fee payment are completed by the applicant, if not there will be a delay in the processing time.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

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e.g., The state office holds birth records since January 1908.

Required Information

FIRM DETAILS:

• Full name of firm (head office)
• Type of firm (Sole Proprietorship, Partnership or Incorporated Company)
• Company Registration Number (if applicable)
• Postal address of firm (including province and postal code)
• Street address of firm (including province and postal code)
• Physical area in which firm practices (this will be the area displayed on the IRBA website).
• Firm’s telephone number
• Firm’s fax number (if applicable)
• Firm’s primary email address
• (This is the email to which IRBA will send all communications, except accounts, and which will reflect on the IRBA website.)
• Firm’s Secondary email address for firm (This email address will only be used if we are unable to contact the firm on the primary email address provided.)
• Firm’s website address (if applicable)

ACCOUNTS CONTACT PERSON

• Name of accounts contact person
• Email address
• Direct telephone number

REGISTERED AUDITORS IN THE FIRM

• Full names of RAs in firm IRBA registration no (if individual application in process, write “pending”)
• Status in firm (please specify whether partner, director, senior partner, sole practitioner, employee, consultant, CEO, Quality Leader, or Risk Leader)
• Is this RA assurance or non-assurance?
• Is this RA attached to a branch? If branch, please indicate which branch.

BRANCHES For each branch, please provide the following information. If your firm has more than one branch, please copy and paste this section.

• Name of branch:
• Telephone number of branch
• Fax number of branch (if applicable)
• Email address of branch
• Postal address of branch (including province and postal code)
• Street address of branch (including province and postal code)
• Area in which branch practices (this will be the area displayed on the IRBA website)

BROAD BASED BLACK ECONOMIC EMPOWERMENT STATUS

• Date
• Signature
• Capacity

Need for the Document

• To run a firm who admits registered auditor for business must register the firm with IRBA for approval and to obtain firm registration certificate.

Information which might help

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Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
E.g., Birth Certificate can be used as proof of identity.

External Links

• External Link

Others

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