CPD - IRBA 2024 Annual Enforcement Report - 20 November 2025

Presenter
Annalien Carstens
Managing Director

View Presenter Profile here

Course outline

The Independent Regulatory Board for Auditors (IRBA) released its 2023/2024 Annual Enforcement Report on 4 June 2025.  The report reflects a substantial increase in enforcement activity, confirming its resolute commitment to upholding the integrity of the auditing profession.

The IRBA urges all registered auditors and audit firms to engage with the findings of this report, reflect on the lessons, and strengthen their commitment to ethical, high-quality audit practices.

This session will unpack the in-depth review of the IRBA’s enforcement efforts, key trends in auditor conduct, common compliance failures and the regulatory actions taken to uphold public confidence in the profession and the audit product, and how an auditor can take action to prevent the same types of findings in their respective firm.

Content:

The areas we will be covering in the session are:

1. Understanding the enforcement framework

2. Overview of the 2023/2024 enforcement matters

3. Analysing the enforcement themes by considering the relevant requirements, analysis of charges, conclusion, and learnings and recommendations for each theme
   a. Insufficient appropriate evidence and / or inadequate documentation of audit procedures conducted
   b. Material misstatements
   c. Threats to independence
   d. Non-compliance with quality control standards or requirements
   e. Unprofessional behaviour
   f. Failure to declare assurance work
   g. Failure to correspond with the IRBA and others in a professional manner
   h. Breaches occasioned in the provision of other (non-audit) professional services

4. Conclusion
   a. Finalisation of enforcement matters
   b. Impact of the IRBA’s strategic initiatives and process efficiencies

Important to note:

• The course is open for 12 months and will then close.
• A recording will be made available after the session.  The recording will be available even if you were not able to join the session, and thus no refund will be applicable.
• Certificates will be issued on the date of successful completion of the assessment. The certificate will reflect the date of the training session.