Auditing Profession Amendment Bill

Call for comments opened 28 January 2021 Share this page:

Submissions are now closed (since 08 February 2021)

NCOP Finance

The Select Committee on Finance invites stakeholders and interested parties to submit written submissions on the Auditing Profession Amendment Bill [B 2B – 2020].

Comments must be submitted to nmangweni@parliament.gov.za by no later than Monday, 8 February at 12:00

Those who want to make submissions at public hearings on Tuesday, 9 February 2021 should specifically request this. These hearings will be conducted through Zoom.

The Bill aims to:

  • amend the Auditing Profession Act, 2005, so as to insert a definition;
  • strengthen the governance of the Regulatory Board;
  • strengthen the investigating and disciplinary processes;
  • provide for the power to enter and search premises and to subpoena persons with information required for an investigation or disciplinary process;
  • provide for the power to issue a warrant for purposes of entering and searching of premises;
  • provide for processes to be followed after an investigation;
  • provide for a duty to disclose information;
  • provide for sanctions in admission of guilt process and following a disciplinary hearing;
  • provide for offences relating to investigation and disciplinary process;
  • provide for the protection of personal information;
  • provide for transitional measures; and
  • provide for matters connected therewith.

Issued by Hon. YI Carrim, MP, Chairperson: Select Committee on Finance (National Council of Provinces)

Track the Bill here