SAAPS 3 Revised for EAR Illustrative Reports

• SAAPS 3 (Revised March 2024), Illustrative Reports

The EAR Rule

In September 2023 the IRBA prescribed the IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities (The EAR Rule). This IRBA Rule is effective for audits of financial statements for periods ending on or after 15 December 2024. Early adoption is permitted.

• • IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities (Government Gazette No. 49309 on 15 September 2023 (Board Notice 475 of 2023))

Implementation Support and Resources

• • IRBA Staff Audit Practice Alert 9: Guidance on the IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities
  • Proposed EAR Rule – Example Audit Reports | SAICA

Related Communiques

• • Communique – Publication of South African Auditing Practice Statement 3 (Revised March 2024), Illustrative Reports, Incorporating Enhanced Auditor Reporting Requirements
  • Communique – Exposure Draft: Proposed SAAPS 3 (Revised), Illustrative Reports
  • Communique – IRBA Staff Audit Practice Alert 9: Guidance on the IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities
  • Communique – IRBA Prescribes an IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities
  • Communique – Invitation to an IRBA Webcast: Unpacking possible enhanced disclosures in the auditor’s report in South Africa
  • Communique – Proposed IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements
  • Communique – Consultation Paper – Enhancing Disclosures in the Auditor’s Reports in South Africa: Addressing the Needs of Users of Financial Statements