In Industry News

Property Charter Logo

Below is a letter from IRBA that was sent to Auditors on the 4th March confirming IRBA’s withdrawl from the regulation of B-BBEE assurance services for B-BBEE Approved Registered Auditors.

This will have a profound impact in the BEE world and we can expect a number of BARs to exit verification services due to perceived risk, the uncertainty of unknown regulation and because, in the absence of a CA charter, the difficulty (impossibility?) of  becoming a BEE level 3 entity under the Amended COGP without a black partner. Read Government_Gazette_34612_Statement_005 .

IRBA have suggested that the DTi will have concluded their strategy for the new regulator by 30th September 2016 but they will be struggling with tough questions such as whether a separate BEE commissioner, regulator and accreditation body is needed and whether the skills needed to staff these functions will be found.
IRBA_Withdrawal

Facebooktwitterlinkedinmail
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt

Start typing and press Enter to search

Share This