Exposure Drafts and Comment Letters

Comments are invited on the under mentioned exposure drafts, within the comment deadline date. Comments may be emailed to the Standards Department at standards@irba.co.za. Please note that comments will be regarded as being on public record unless confidentiality is requested.

Title Issue Date Comment date Submitted comment letters Section
Exposure Draft: Proposed South African Auditing Practice Statement (SAAPS) 7, Transparency Reports of Firms that Audit Financial Statements of Publicly Traded Entities 14 March 2024 15 June 2024   Standards

Exposure Draft: Proposed International Standard on Auditing 240 (Revised), The Auditor's Responsibilities Relating to Fraud in an Audit Of Financial Statements

22 February 2024 05 June 2024   Standards

Exposure Draft: Proposed Narrow Scope Amendments to International Standards on Quality Management, International Standards on Auditing and International Standard on Review Engagements 2400 (Revised), Engagements to Review Historical Financial Statements as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code

19 February 2024 08 March 2024   Standards

Exposure Draft on International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA)

Board Notice 570 of 2024

12 February 2024 19 April 2024   Standards

Exposure Draft on Using the Work of an External Expert

Board Notice 570 of 2024

12 February 2024 8 April 2024   Standards
Exposure Draft: Proposed Guide for Registered Auditors (Revised), Joint Audit Engagements 29 November 2023 29 February 2024   Standards
Exposure Draft: Proposed South African Auditing Practice Statement (SAAPS) 3 (Revised), Illustrative Reports 21 September 2023 30 November 2023 - Comment period closed  Standards

Exposure Draft: Proposed International Standard on Sustainability Assurance 5000 General Requirements for Sustainability Assurance Engagements and Proposed Conforming and Consequential Amendments to Other IAASB Standards

1 September 2023 3 November 2023 - Comment period closed   Standards
Exposure Draft: Proposed International Standard on Auditing 570 (Revised), Going Concern and Proposed Conforming and Consequential Amendments to Other ISAs 9 May 2023 28 July 2023 - Comment period closed   Standards

Exposure Draft: Proposed Revisions to the Code Addressing Tax Planning and Related Services

Board Notice 426 of 2023

28 March 2023 8 May 2023 - Comment period closed   Standards
Exposure Draft: Proposed Part 10, Audits of Group Financial Statements of the Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) and Proposed Conforming Amendments 9 February 2023 2 May 2023 - Comment period closed   Standards

Exposure Draft: Proposed Amendments to the IRBA Code of Professional Conduct for Registered Auditors - Revisions to the Definitions of Listed Entity and Public Interest Entity in the IRBA Code

Board Notice 377 of 2022

7 December 2022 3 April 2023 - Comment period closed Ethics
Exposure Draft: Proposed Due Process Policy for the Development, Adoption and Issue of Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements (Revised November 2022) 30 November 2022 31 March 2023 - Comment period closed Standards
Exposure Draft: Proposed Status and Authority of Quality Management, Auditing, Assurance and Related Services Pronouncements (Revised November 2022) 30 November 2022 31 March 2023 - Comment period closed   Standards
Exposure Draft: Proposed International Standard on Auditing 500 (Revised), Audit Evidence and Proposed Conforming and Consequential Amendments to Other ISAs 2 November 2022 24 March 2023 - Comment period closed   Standards
Exposure Draft: Proposed Narrow Scope Amendments to ISA 700 (Revised) and ISA 260 (Revised) as a Result of 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) 12 July 2022 12 September 2022 - Comment period closed Standards

Exposure Draft: Proposed IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements

Board Notice 309 of 2022

7 July 2022 5 October 2022 - Comment period closed Standards

Exposure Draft: Proposed IRBA Rules Arising from the International Standards on Quality Management

Board Notice 302 of 2022

14 June 2022 19 August 2022 - Comment period closed Standards
IESBA Strategy Survey 2022 26 April 2022 8 July 2022 - Comment period closed   Ethics

Exposure Draft: Proposed Revisions to the IESBA Code Relating to the Definition of Engagement Team and Group Audits

Board Notice 229 of 2022

10 March 2022 10 May 2022 - Comment period closed   Ethics

Exposure Draft: Proposed International Ethics Standards Board for Accountants Proposed Technology-related Revisions to the Code

Board Notice 229 of 2022

7 March 2022 23 May 2022 - Comment period closed   Ethics

Proposed Quality Management-related Conforming Amendments to the Code Exposure Draft

Board Notice 124 of 2021

30 August 2021 17 October 2021 - Comment period closed   Ethics
Exposure Draft: Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) 12 August 2021 30 November 2021 - Comment period closed   Standards

Consultation Paper – Enhancing Disclosures in the Auditor's Reports in South Africa: Addressing the Needs of Users of Financial Statements

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Response template (to be used when submitting comments via a comment letter)

17 June 2021 15 September 2021 - Comment period closed Standards
Exposure Draft: Proposed Conforming and Consequential Amendments to IRBA Pronouncements arising from the International Auditing and Assurance Standards Board’s (IAASB) Quality Management Standards 4 June 2021 4 August 2021 - Comment period closed Standards
Exposure Draft: Proposed Guide for Registered Auditors: Guidance on Performing Audits on behalf of the AGSA (Revised May 2021) 24 May 2021 8 July 2021 - Comment period closed   Standards
Long Association Post-Implementation Review (Phase 1) Stakeholder Questionnaire 23 April 2021 19 May 2021 - Comment period closed   Ethics
Exposure Draft: Proposed Amendments to the IAASB’s International Standards: Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards 25 February 2021 10 May 2021 - Comment period closed   Standards

Board Notice 15 of 2021

Exposure Draft: Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

9 February 2021 19 April 2021 - Comment period closed   Ethics
IAASB Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor’s Responsibilities in a Financial Statement Audit 7 October 2020 30 November 2020 - Comment period closed   Standards

Exposure Draft: Proposed Guide for Registered Auditors: Guidance on Performing Audits where the AGSA has Opted Not to Perform the Audit (Revised August 2020)

31 August 2020 15 October 2020 - Comment period closed   Standards

Board Notice 96 of 2020

Exposure Draft: Proposed Amendments to Subsection 115, Professional Behaviour: Signing Conventions for Reports or Certificates, of the IRBA Code of Professional Conduct for Registered Auditors (Revised November 2018): Electronic Signatures

18 August 2020 21 September 2020 - Comment period closed   Ethics
Exposure Draft: Proposed International Standard on Auditing 600 (Revised) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) 4 May 2020 4 September 2020 - Comment period closed   Standards

IAASB Consults on Extended External Reporting Assurance

25 March 2020 13 July 2020 - Comment period closed   Standards

Board Notice 9 of 2020

IESBA Proposed Revision to the Code Addressing the Objectivity of Engagement Quality Reviewers

4 February 2020 16 March 2020 - Comment period closed   Ethics

Board Notice 9 of 2020

IESBA Proposed Revisions to the Non-Assurance Services Provisions of the Code

IESBA Proposed Revisions to the Non-Assurance Services Provisions of the Code – Mapping Table

29 January 2020 9 April 2020 - Comment period closed   Ethics

Board Notice 9 of 2020

IESBA Proposed Revisions to the Fee-Related Provisions of the Code

29 January 2020 9 April 2020 - Comment period closed   Ethics
Exposure Draft: Proposed Guide for Registered Auditors: Joint Audit Engagements 4 December 2019 6 March 2020 - Comment period closed Standards
Exposure Draft, Conforming Amendments to the IAASB’s International Standards as a Result of the Revised IESBA Code 27 November 2019 10 January 2020 - Comment period closed   Standards
Proposed Guide for Registered Auditors: Engagements on Legal Practitioners’ Trust Accounts (Revised November 2019) 22 November 2019 5 February 2020 - Comment period closed   Standards

Board Notice 158 of 2019

Proposed Amendments to the IRBA Code of Professional Conduct relating to Registered Candidate Auditors

28 August 2019 31 October 2019 - Comment period closed   Ethics

Board Notice 160 of 2019

IESBA Proposes Changes to Promote Role and Mindset Expectations of Professional Accountants

31 July 2019 17 October 2019 - Comment period closed   Ethics
IAASB Discussion Paper: Audits of Less Complex Entities - Exploring Possible Options to Address the Challenges in Applying the ISAs 13 May 2019 29 August 2019 - Comment period closed   Standards
Board Notice 76 of 2019

IESBA Proposes Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised)

29 April 2019 26 June 2019 - Comment period closed   Ethics
Proposed Revised Guide for Registered Auditors: Auditing in the Public Sector 08 April 2019 07 June 2019 - Comment period closed   Standards
IAASB Consultation Paper: Extended External Reporting (EER) Assurance 02 April 2019 31 May 2019 - Comment period closed   Standards
Exposure Draft: Proposed SAAPS 4, Letters of Specific Inquiry to the Entity’s External Legal Practitioner Regarding Litigation and Claims Involving the Entity 11 March 2019 14 June 2019 - Comment period closed   Standards

Board Notice 30 of 2019

Proposed Amendments to IRBA Rules Regarding Improper Conduct

08 March 2019 15 April 2019 - Comment period closed   Ethics
Exposure Drafts for Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews 22 February 2019 06 June 2019 - Comment period closed   Standards
Exposure Draft: Proposed Strategy for 2020–2023 and Work Plan for 2020–2021 22 February 2019 21 May 2019 - Comment period closed   Standards
Exposure Draft: Proposed Guide for Registered Auditors: Assurance Engagements on Fresh Produce Agents’ Trust Accounts  11 December 2018 15 March 2019 - Comment period closed Standards
Exposure Draft: Proposed Revised Guide for Registered Auditors Assurance Engagements on Financial Service Providers’ Separate Accounts (Section 19(3)) and Reporting Requirements (Section 19(4)) of the Financial Advisory and Intermediary Services Act 07 December 2018 07 March 2019 - Comment period closed   Standards

Board Notice 179 of 2018

Exposure Draft: Proposed Amendments to Section 321 of the IRBA Code of Professional Conduct for Registered Auditors (Revised November 2018): Second Opinions

07 December 2018 05 February 2019 - Comment period closed   Standards
Exposure Draft: Proposed South African Auditing Practice Statement (SAAPS) 3 (Revised 2019), Illustrative Reports 29 November 2018 28 February 2019 - Comment period closed Standards
Exposure Draft: Proposed International Standard on Related Services 4400 (Revised) Agreed-Upon Procedures Engagements 23 November 2018 27 February 2019 - Comment period closed   Standards

Exposure Draft: Proposed International Standard on Auditing 315 (Revised), Identifying and Assessing the Risks of Material Misstatement 

16 July 2018 05 October 2018 - Comment period closed   Standards
Proposed Revised Guide for Registered Auditors: Assurance Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme 06 June 2018 10 August 2018 - Comment period closed Standards
Envisioning the Future - Survey on the IAASB’s Future Strategy 04 June 2018 24 July 2018 - Comment period closed   Standards

Board Notice 73 of 2018

Proposed Revised and Restructured IRBA Code of Professional Conduct

The Mapping Table may be used as a supplement to the Proposed Revised and Restructured IRBA Code of Professional Conduct.

Mapping Table – Proposed South African Amendments

31 May 2018 02 July 2018 - Comment period closed   Auditor Ethics
Professional Skepticism - Meeting Public Expectations 29 May 2018 01 August 2018 - Comment period closed   Auditor Ethics
Proposed IESBA Strategy and Work Plan 2019-2023 23 April 2018 16 July 2018 - Comment period closed  

Auditor Ethics

IESBA Fees Questionnaire  08 January 2018 01 March 2018 - Comment period closed   Auditor Ethics
Proposed Revised Guide for Registered Auditors: Access to Working Papers 30 November 2017 28 February 2018 - Comment period closed   Auditing Standards
Exposure Draft: Proposed SAAEPS 1 29 November 2017 29 March 2018 - Comment period closed   Auditing Standards

Board Notice 167 of 2017

IESBA's Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements

14 September 2017 Comment period closed   Auditor Ethics
Proposed SAAPS 2 (Revised 2017), Financial Reporting Frameworks and the Auditor’s Report 31 August 2017 Comment period closed Auditing Standards

Board Notice 107 of 2017

IESBA’s Proposed New Guidance for Professional Skepticism and Professional Judgment

24 May 2017 Comment period closed No comment letters received Auditor Ethics
Exposure Draft: Proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures 20 April 2017 Comment period closed No comment letters received Auditing Standards

Board Notice 18 of 2017

IESBA’s Proposed Revisions Pertaining to Safeguards in the Code - Phase 2 and Related Conforming Amendments

  Comment period closed No comment letters received

Auditor Ethics

IESBA’s Exposure Draft on Improving the Structure of the Code of Ethics for Professional Accountants—Phase 2
Additional Information:
  Comment period closed No comment letters received Auditor Ethics
Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards   Comment period closed No comment letters received Auditing Standards
Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics   Comment period closed No comment letters received Auditing Standards
Proposed Revised Guide for Registered Auditors: Engagements on Attorneys’ Trust Accounts   Comment period closed Auditing Standards

Board Notice 153 of 2016

Proposed amendments to the IRBA Code of Professional Conduct responding to Non-compliance with Laws and regulations (Noclar) (Final amendment made to the IESBA Code of Ethics)

  Comment period closed Auditor Ethics
Proposed Guide for Registered Auditors: Considerations for an Auditor or a Reviewer of a Company which is Factually Insolvent   Comment period closed Auditing Standards

Board Notice - 11 of 2016

IESBA's Exposure Draft Improving the Structure of the Code of Ethics for Professional Accountants - Phase 1
IESBA Mapping Table Structure of Code Exposure Draft Phase 1

  Comment period closed No comment letters received Auditor Ethics

Board Notice - 11 of 2016

IESBA's Exposure Draft on Proposed Revisions Pertaining to Safeguards in the Code - Phase 1
Proposed Revisions Pertaining to Safeguards in the Code - Phase 1 Mapping Table

  Comment period closed No comment letters received Auditor Ethics

Board Notice – 2 of 2016

IESBA's Limited Re-exposure of Proposed changes to the Code Addressing the Long Association of Personnel with an Audit Client

  Comment period closed Auditor Ethics

Board Notice – 55 of 2016

Proposed Amendment to the Code of Professional Conduct for Registered Auditors relating to Custody of Client Assets

  Comment period closed  
Invitation to comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits   Comment period closed No comment letters received  
Proposed ISA 810 (Revised): Engagements to Report on Summary Financial Statements   Comment period closed    
Proposed Guide for Registered Auditors: Reporting Responsibilities of the Reporting Accountant Related to Property Entities in Terms of the JSE Listings Requirements   Comment period closed  
Proposed Amendments to the IAASB’s International Standards—Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations   Comment period closed    
Proposed SAAPS3 (Revised 2015) Illustrative Reports   Comment period closed
 
 
Proposed ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and Proposed ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement   Comment period closed    
Proposed Guide for Registered Auditors: Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme   Comment period closed   Auditing Standards
Proposed Changes to International Standards on Auditing (ISAs): Addressing Disclosures in the Audit of Financial Statements   Comment period closed   Auditing Standards 
Proposed Guide for Registered Auditors: Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme   Comment period closed   Auditing Standards
Proposed Changes to International Standards on Auditing (ISAs), Addressing Disclosures in the Audit of Financial Statements    Comment period closed   Auditing Standards
Proposed ISA 720 (Revised), The Auditor's Responsibilities Relating to Other Information and Proposed Consequential Amendments to Other ISA's    Comment period closed    Auditing Standards 
Proposed Guide for Registered Auditors: Engagements on Attorneys’ Trust Accounts    Comment period closed    Auditing Standards 
Proposed Guide for Registered Auditors – Guidance on Performing Audits on behalf of the AGSA    Comment period closed     Auditing Standards 
Proposed Guide for Registered Auditors – Guidance on Performing Audits where the AGSA has opted not to perform the audit    Comment period closed    Auditing Standards 
IAASB's Proposed New and Revised ISAs Reporting on Audited Financial Statements    Comment period closed    Auditing Standards 
Proposed SASAE 3501, Assurance Engagements on eXtensible Business Reporting Language (XBRL)    Comment period closed     Auditing Standards
Proposed SAAPS 6 (Revised), External Confirmations from Financial Institutions    Comment period closed  Auditing Standards 
Proposed Guide for Registered Auditors: Reporting on Financial Information Contained in Interim, Preliminary, Provisional and Abridged Reports   Comment period closed Auditing Standards 
Proposed ISA 720 (Revised), The Auditor's Responsibilities Relating to other information in Documents Containing or Accompanying Audited Financial Statements and the Auditors Report Thereon   Comment period closed   Auditing Standards 
Proposed Due Process Policy for the Development, Adoption and Implementation of South African Quality Control, Auditing, Assurance and Related Services Pronouncements   Comment period closed Auditing Standards 
Proposed South African Preface to the Standards on Quality Control, Auditing, Assurance and Related Services Pronouncements   Comment period closed Auditing Standards 
Invitation to Comment: Improving the Auditor's Report   Comment period closed   Auditing Standards 
Proposed SAAPS 3 (revised) Illustrative Reports   Comment period closed Auditing Standards 
A Proposed Guide for Registered Auditors: Audit of Predetermined Objectives   Comment period closed   Auditing Standards 
A Proposed Guide for Registered Auditors: Auditing in the Public Sector   Comment period closed   Auditing Standards
Consultation paper, Enhancing the Value of Auditor Reporting: Exploring Options for Change   Comment period closed   Auditing Standards
Proposed ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information   Comment period closed   Auditing Standards 
Proposed ISAE 3410, Assurance Engagements on Greenhouse Gas Statements   Comment period closed   Auditing Standards 
Discussion paper, The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications   Comment period closed   Auditing Standards 
Proposed ISRE 2400 (Revised), Engagements to Review Historical Financial Information   Comment period closed   Auditing Standards 
Consultation paper, Proposed IAASB Strategy and Work Program for 2012 – 2014   Comment period closed   Auditing Standards 
Proposed ISRS 4410, Compilation Engagements   Comment period closed   Auditing Standards 
Proposals relating to IAPSs:   Comment period closed   Auditing Standards 
Proposed Revised SAAPS 2, Financial Reporting Frameworks and the Auditor's Report   Comment period closed   Auditing Standards
Proposed ISA 610 (Revised), Using the Work of Internal Auditors and related enhancements to ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatements through Understanding the Entity and its Environment   Comment period closed   Auditing Standards 
Proposed ISAE 3420, Assurance reports on the process to compile pro forma Financial Information included in a Prospectus   Comment period closed   Auditing Standards 
Proposed South African Standard on Assurance Engagements 3502 : Assurance Engagements on Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates   Comment period closed   B-BBEE Assurance
IESBA's Exposure Draft on Proposed Standard on Responding to Non-Compliance with Laws and Regulations (NoCLAR)

IESBA's At a Glance Summary

  Comment period closed on 14 August 2015   Auditor Ethics
Board notice No. 88 of 2015

Proposed Amendments to the IRBA Code of Professional Conduct relating to the Definition of Public Interest Entity (PIE)

  Comment period closed on 15 May 2015   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client   Comment period closed on 31 October 2014   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to Certain Provisions of the Code Addressing Non-Assurance Services for Audit Clients   Comment period closed on 4 August 2014   Auditor Ethics
Board Notice - 208 of 2013

Exposure Draft: Proposed Amendments to the Code of Professional Conduct for Registered Auditiors

  Comment period closed on 18 November 2013   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants to Address Illegal Acts   Comment period closed on 30 November 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants on the Definition of Those Charged with Governance   Comment period closed on 15 October 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code for Professional Accountants on the Definition of Engagement Team   Comment period closed on 18 May 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants Addressing Conflicts of Interest   Comment period closed on 23 March 2012   Auditor Ethics
IESBA's Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants Related to Provisions Addressing a Breach of a Requirement of the Code   Comment period closed on 16 January 2012   Auditor Ethics
Board Notice No. 157 of 2009