CPD - SAAPS 3R (Sep 2025) - 26 November 2025

Presenter

Annalien Carstens
Managing Director

View Presenter Profile here

Course outline

SAAPS 3R (Sep 2025), Illustrative reports: Incorporating the IAASB’s narrow scope amendments to ISA 700R, was published by the IRBA on 2 September 2025.
This practice statement provides practical guidance to registered auditors who report on financial statements, both for compliance with auditing or review engagements.  It provides further guidance for the legal and regulatory requirements related to the content and format of the auditor’s report in South Africa.

SAAPS 3R (Sep 2025) is effective for auditors’ or independent reviewers’ reports issued for audits or independent reviews of financial statements for periods beginning on or after 15  December 2024, with early adoption being permitted.

Content

The areas we will be covering in the session are:

1. High-level view of:
   a.    Revisions to the definitions of public interest entity and listed entity in the IRBA Code of Conduct 
   b.    The IRBA Rule on Enhanced Auditor Reporting for the audit of financial statements of PIEs
2. Narrow Scope Amendments to ISA 700R due to the revisions to the IESBA Code that require a firm to publicly disclose when a firm has applied the independence requirements for public interest entities (PIEs) to the affected illustrative reports
3. Appendix III: Applicability of the inclusion of the auditor’s statement on the application of the independence requirements for audits of financial statements of PIEs.
4. Impact on review engagements
   Other editorial changes 

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.