{"id":19513,"date":"2015-12-11T18:46:00","date_gmt":"2015-12-11T18:46:00","guid":{"rendered":"https:\/\/www.lis-demos.co.za\/irba2025\/?p=19513"},"modified":"2026-03-13T18:47:22","modified_gmt":"2026-03-13T18:47:22","slug":"the-irba-mandates-disclosure-of-audit-tenure","status":"publish","type":"post","link":"https:\/\/www.lis-demos.co.za\/irba2025\/the-irba-mandates-disclosure-of-audit-tenure\/","title":{"rendered":"The IRBA mandates disclosure of audit tenure"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>11 Dec 2015<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A new rule has been put in place to monitor the length of relationships between auditors and their clients.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rule is applicable to audit reports issued on the Annual Financial Statements of all public companies \u2012 as defined in the Companies Act of 2008 \u2012 that meet the definition of a public interest entity as per the IRBA Code of Professional Conduct for Registered Auditors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As such, disclosing how long an auditor has been auditing a public company\u2019s financial statements will no longer be optional. The IRBA will closely monitor compliance with the rule, which has now been gazetted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn the case of companies, as the appointment and continuation of auditors is the responsibility of the audit committee, members of the committee should take note of this rule and the need for auditors\u2019 independence\u201d says IRBA CEO Bernard Agulhas. \u201cIndependence is critical to the delivery of high quality audits, and any compromise to independence may cast doubt on the integrity of an audit report\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IRBA made the decision to require the mandatory disclosure of audit tenure in the context of strengthening auditor independence, which is consistent with measures implemented in other jurisdictions. \u201cThis disclosure of audit tenure will lead to transparency of association between audit firms and audit clients\u201d says Agulhas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MEDIA CONTACT:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lebogang Manganye<br>Manager: Public Relations<br>Tel: 087 940 8788<br>Email:&nbsp;<a href=\"mailto:lmanganye@irba.co.za\">lmanganye@irba.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>11 Dec 2015 A new rule has been put in place to monitor the length of relationships between auditors and their clients. The rule is applicable to audit reports issued [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-19513","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The IRBA mandates disclosure of audit tenure - IRBA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The IRBA mandates disclosure of audit tenure - IRBA\" \/>\n<meta property=\"og:description\" content=\"11 Dec 2015 A new rule has been put in place to monitor the length of relationships between auditors and their clients. The rule is applicable to audit reports issued [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lis-demos.co.za\/irba2025\/the-irba-mandates-disclosure-of-audit-tenure\/\" \/>\n<meta property=\"og:site_name\" content=\"IRBA\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-11T18:46:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-13T18:47:22+00:00\" \/>\n<meta name=\"author\" content=\"Mashudu Munasi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mashudu Munasi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/\"},\"author\":{\"name\":\"Mashudu Munasi\",\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/#\\\/schema\\\/person\\\/1705c71eb92653e324b2470b6654509a\"},\"headline\":\"The IRBA mandates disclosure of audit tenure\",\"datePublished\":\"2015-12-11T18:46:00+00:00\",\"dateModified\":\"2026-03-13T18:47:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/\"},\"wordCount\":231,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/#organization\"},\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/\",\"url\":\"https:\\\/\\\/www.lis-demos.co.za\\\/irba2025\\\/the-irba-mandates-disclosure-of-audit-tenure\\\/\",\"name\":\"The IRBA mandates disclosure of audit tenure - 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