CPD recording - IRBA Enforcement Report 2023/2024

Presenter:

Annalien Carstens
Managing Director

MCom, CA(SA), RA, Chartered Tax Adviser

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
   Overview of the 2023/2024 enforcement matters
   Analysing the enforcement themes by considering the relevant requirements, analysis of charges, conclusion, and learnings and recommendations for each theme

Insufficient appropriate evidence and / or inadequate documentation of audit procedures conducted
Material misstatements
Threats to independence
Non-compliance with quality control standards or requirements
Unprofessional behaviour
Failure to declare assurance work
Failure to correspond with the IRBA and others in a professional manner
Breaches occasioned in the provision of other (non-audit) professional services
Conclusion

Finalisation of enforcement matters
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 assessment.