The IRBA is a statutory body established in terms of the Auditing Profession Act, Act 26 of 2005, and is also classified as a Schedule 3 Public Entity in terms of the Public Finance Management Act (PFMA), 1999. 


The IRBA Mission is to endeavour to protect the financial interest of the South African public and international investors in SA, through the effective and appropriate regulation of audits conducted by registered auditors, in accordance with internationally recognised standards and processes. 

The role of the IRBA is to protect the financial interests of the public, by only admitting qualified professionals into the auditing profession. The IRBA also monitors auditing services to ensure excellent service delivery and the highest ethical standards. 

The IRBA was established in terms of the Auditing Profession Act, 2005. The IRBA’s strategic focus areas came from its legislative mandate. The objects of the Act are to: 

  • Protect the public in South Africa, by regulating audits performed by registered auditors;
  • Establish an Independent Regulatory Board for Auditors;
  • Develop and maintain internationally comparable ethics standards and auditing standards for auditors that promote investment and as a consequence employment in South Africa;
  • Set out measures to advance appropriate standards of competence and good ethics in the auditing profession; and
  • Create disciplinary procedures for improper conduct. 

The IRBA recognises that, beyond the statutory requirements, it needs to offer sustainable value for the short, medium and long term in order to remain relevant to the profession and the economy. 

The IRBA therefore sees its role as improving confidence in the sustainability of the auditing system by:

  • Adding value to the greater public and economy through protection of financial interests; and
  • Creating an enabling environment in which auditors can deliver high quality audits.


IRBA. Integrated Report