Audit quality strained by weak judgement and rising tech risks, IRBA finds
Inspections highlight persistent gaps in professional scepticism and the growing challenges of integrating technology into audits.
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IRBA bans VBS audit partner, hits him with R10.8m penalties
IRBA imposes a lifetime ban, maximum fines and full cost recovery after finding the VBS audit was riddled with missed red flags and undisclosed conflicts.
Individual auditors can be fined up to R10m for improper conduct
The Minister of Finance has re-issued the Notice setting out the maximum fines, after inserting the omissions.
