No more mandatory rotation of audit firms in SA | The Citizen

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

⚖️Court sets aside mandatory audit firm rotation rule that forced companies to appoint a new audit firm every 10 years📈💰🏦 TheCitizenNews TheCitizenBusiness Find out more⬇️

The voluntary association petitioned the SCA after the Pretoria High Court dismissed its application for a review with the aim of setting aside the rule.

Irba on Wednesday declined to comment, saying it will study the judgment and then discuss the matter with the Irba board before deciding on future steps. The association could not be reached for comment. The SCA considered the importance of the matter to the parties and the public and the obvious constitutional implications, and granted the association leave to appeal.

The rule-making power is confined to “the prescription of standards” in respect of defined functional areas. The association argued that the rule was not a standard.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court hears Magudumana's deportation to SA was a 'grand disguised extradition' | The Citizen'A grand disguised extradition' 🏃🏼‍♀️🚓💨🇹🇿 DrNandiphaMagudumana‘s lawyer argues her arrest in Tanzania and deportation to SA was unlawful⚖️in the ThaboBester prison escape. TheCitizenNews Read more⬇️
Source: TheCitizen_News - 🏆 6. / 75 Read more »

High Court gives sheriff go ahead to seize R102m worth of ANC assets | The Citizen🚓💨Sheriff gets go-ahead to seize R102m 💰 worth of ANC assets for failing to pay a marketing company for election posters. ANC corruptioninsa TheCitizenNews Read the full story⬇️
Source: TheCitizen_News - 🏆 6. / 75 Read more »

WATCH: Woman shot in apparent hit near Cape Town court | The Citizen🚨🔍 Cape Town police intensify search for suspect in tragic shooting near Wynberg Magistrate’s Court. 😢 Disclaimer: Graphic video content. Viewer discretion is advised.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

No more mandatory rotation of audit firms in SAAfter years in the making the mandatoryaudit firm rotation rule has been reviewed and set aside. Moneyweb Auditing
Source: Moneyweb - 🏆 5. / 77 Read more »