In order to prepare appropriate and relevant regulatory legislation, Department of Trade and Industry (the dti), the Independent Regulatory Board for Auditors (IRBA) and Association of B-BEE Verification Agency (ABVA) Board are conducting a survey to ascertain the profile of current Broad-Based Black Economic Empowerment (B-BBEE) verification agencies. As an accredited verification agency, your contribution to this information gathering exercise is crucial.
In December 2011, the Minister of Trade and Industry issued the B-BBEE Amendment Bill in terms of Section 9 (1) of the B-BBEE Act for public comment with a comment period of 60 days. The effect of this Bill was, inter alia, to extend the mandate of the IRBA to include the regulation of the B-BBEE verification industry. As a result of this development, it became necessary for the IRBA to redraft the Auditing Profession Act (APA) to incorporate requirements to regulate the B-BBEE verification industry.
It is against this background that the dti and the IRBA, in consultation with the industry, partnered with the ABVA Board to initiate the process of analysing the industry and to conduct a survey to understand the business and professional profile of all accredited verification agencies. This process will assist with, and inform, the re-drafting of the APA with regard to the specific requirements relating to verification professionals. We look forward to receiving your comments and input.
Any questions which you might have about the survey or the process may be directed to the dti or the IRBA or ABVA as follows:
Mashudu Mannde
Cell: 087 940 8800
Tel: 012 394 3568
E-mail: MMannde@thedti.gov.za
Makhosazana Seate
ABVA Board (Anton Baumann)
Cell: 071 855 0514
E-mail: mseate@irba.co.za
E-mail: membership@abva.co.za
Survey regarding the profile of Broad Based Black Economic Empowerment accredited verification agencies
