The Independent Regulatory Board for Auditors has labelled a high court application to review the partly-heard disciplinary hearing of the former auditors of the failed Sharemax property syndication schemes as incompetent and premature. The auditors are seeking a high court order declaring that their rights under Section 34 of the Constitution have been infringed and an order declaring the Irba disciplinary proceedings to date to be a nullity, and setting them and the charge sheet aside.
Instead, it is an attempt to put the brakes on the process for as long as possible,” Nagy said. He added that in sum, the transcript of the disciplinary hearing tells a very different story from the one in the founding affidavits.
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