Assurance - Technical INformation

Latest Developments and Updates:

B-BBEE:

Currently:

Certificates issued to Exempted Micro Enterprises can be issued by auditors, accounting officers or verification agencies.
Template certificate to be issued to Exempted Micro Enterprises as provided Government Gazette No. 31255
Validity of Exempted Micro-Enterprise (EME) certificates - The lack of a SANAS logo on a certificate issued by an Auditor or Accounting Officer or accredited Verification Agency does not invalidate those certificates since no onsite visit would be performed for EMEs.

New developments:

The International Auditing and Assurance Standards Board (IAASB) released:

the International Standard on Related Services (ISRS) 4410 (Revised), Compilation Engagements
the International Standard on Auditing (ISA) 610 (Revised), Using the Work of Internal Auditors
the new International Standard on Assurance Engagements (ISAE) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus.
the International Auditing Practice Note (IAPN) 1000, Special Considerations in Auditing Financial Instruments, to provide important practical assistance to auditors when addressing valuation and other considerations pertaining to financial instruments.

Mission:

SAICA seeks to influence the regulatory environment and development of auditing standards by commenting actively on exposure drafts and redrafting proposals issued by the International Auditing and Assurance Standards Board (IAASB). SAICA also seeks to maintain and enhance practicing members' competency in Audit by offering a variety of seminars, workshops and other events.

Mission

Other

Guidance for Commissioner of Oaths: How to Perform an Oath or Affirmation/Certify a document to be a true copy.
Guidance for attendance at Stocktaking (133Kb PDF)

CIPRO Guidance

CIPRO Practice Note dealing with the appointment of accounting officers
Template acceptance letter to be sent by newly appointed Accounting Officers to CIPRO (Template 1)
Template acceptance letter to be sent by newly appointed Accounting Officers to CIPRO (Template 2)

Assurance Guidance Committee

The Assurance Guidance Committee (AGC) is a forum focusing on the auditing practitioner constituency of SAICA's membership, in the context of issues that concern members within the auditing profession and in the auditing standard-setting processes. It assists SAICA in influencing regulations and standards and also informing the public as to the role and scope of audit and assurance engagements. To view the AGC terms of reference, click here Terms of Reference (42Kb PDF)

Latest developments in the auditing profession:

Discussion Papers and Submissions:

Audit Seminars and Events:

The International Auditing and Assurance Standards Board (IAASB) embarked on its Clarity Project in 2004 with the aim to clarify International Standards on Auditing (ISAs) to improve the quality of international auditing and assurance standards that are understandable, clear and capable of consistent application. The Audit Update training will focus on those clarified ISAs that are expected to have the most significant effect on the audit methodologies of audit practitioners in terms of their technical contents and their practical execution as part of a balanced and effective risk based audit approach.

SAICA Handbook

In this section you will be able to access the SAICA handbook which contains:

International Statements on Auditing (ISAs),
International Standards on Quality Control,
International Auditing Practice Statements,
International Standards on Review Engagements,
International Standards on Assurance Engagements,
International Standards on Related Services,
South African Audit Practice Statements,
Circulars, and
Exposure Drafts
as and when issued by the IRBA, IAASB and/or SAICA.

You will need to enter your SAICA membership number and password when logging into the SAICA handbook.

Welcome to the Assurance