Auditing Profession Amendment Act 5 of 2021 (English / Sesotho)

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5 of 2021

The Auditing Profession Amendment Act 5 of 2021 intends:

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

26 April 2021