|Johannesburg, Thursday, February 2, 2017 - The Independent Regulatory Board for Auditors (IRBA) is pleased to announce the latest appointments to its Board:
Ms Matshepo More CA(SA) has been appointed to the Board of the IRBA for a period of two years, effective 1 December 2016. The appointment was confirmed by the Minister of Finance on 28 November 2016. Ms More is currently the Chief Financial Officer and Executive Director of Public Investment Corporation Limited (PIC), one of the largest asset managers in Africa.
Ms More served her articles at Deloitte specialising in financial institutions, before being seconded to the New York office for four months to handle a large asset management company. Upon returning to SA she was promoted to audit manager.
She left Deloitte to join the PIC in 2009 where she was appointed as the Finance Manager. In 2011, she was appointed Chief Financial Officer (CFO) of the PIC where she is responsible for the Corporation’s finances ensuring that the PIC complies with the Public Finance Management Act (PFMA) which regulates financial management of all public entities in the national government and provincial governments.
Says Ms More: “As a PIC Board member I am an advocate of Corporate Governance and keen on shareholder activism which includes keeping a focus on good corporate governance, remuneration transparency, accounting and reporting based on IFRS. I am pleased to be appointed to the IRBA Board as I am committed to investor protection, promoting a stable investment environment and ensuring growth and transformation in the profession.”
Mr Motshoanedi (Joe) Lesejane CA(SA) (CD SA) (FCMA) has been appointed to the Board of the IRBA for a period of two years, effective 1 December 2016. The appointment was confirmed by the Minister of Finance on 28 November 2016. Mr Lesejane has recently completed his terms on the audit committees of the National Treasury and is still chairman of Export Credit Insurance Corporation (ECIC) Limited. He currently offers governance and risk management consulting services.
Mr Lesejane brings an objective view of the issues faced by the IRBA and the auditing profession, while being well-placed to contribute to its transformation objectives for the South African auditing and accounting profession.
He also has a wealth of experience in internal audit, risk management, corporate governance and external audit in both private and public sector. As a corporate governance specialist with extensive Board experience he will be an asset to the Board.
Says Mr Lesejane: “I have a sound understanding the operations of the IRBA as a regulator and its aim to maintain the highest standards. I am pleased to be joining the IRBA Board and look forward to working closely with the executive team in achieving its statutory objectives, which includes the strengthening of auditor independence and transformation.”
He was formerly employed at KPMG, Du Pont Internal, Eskom SOC Limited and SAICA and is an active Member of the Institute of Directors SA.
The IRBA is a public protection statutory body established to protect the financial interests of the public by ensuring registered auditors and their firms deliver services of the highest quality. It upholds audit firm independence to ensure that audit quality is such that it enhances the accuracy and credibility of financial performance reporting. In this way, the IRBA has an important role to play in building the reputation of South Africa as an investment market for both local and global investors and driving economic growth for the country.
As an internationally recognised regulator of the auditing profession and other assurance services relevant to the South African environment, it has been recognised by the World Economic Forum as the top independent audit regulator worldwide for six consecutive years for the strength of its audit controls and standards. The IRBA also registers suitably qualified accountants as auditors, who must adhere to the highest ethics standards, and promotes the auditing profession through the effective regulation of assurance conducted in accordance with internationally recognised standards and processes.