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Resource centre > Auditing
Auditing
Legislation
The Office of the Auditor-General is tasked with performing audits within the public sector by the Constitution. Further to this, the Public Audit Actwas issued in 2004 which deals with the scope, duties, responsibilities and powers of the Auditor-General when conducting audits in the public sector. For further information about the Auditor-General,or to access reports and technical memos issuedclick here.
Standards
The Office of the Auditor-General has applied the South African Auditing Statements in conducting its audits, and in future will apply International Standards on Auditing (ISAs). ISAs are issued by the International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC). The IAASB publishes an annual handbook containing all standards issued. This Handbook can be accessed and downloaded at no charge byclicking here
South African Auditing Environment
It is also important to keep in mind any additional guidance that may be issued by the AASB locally. Any additional guidance specific to the South African auditing environment can be obtained from the Independent Regulatory Board for Auditors, including information about theAuditing Professions Act which was promulgated during this year, and is applicable from 1 April 2006. For more information, consult IRBA'swebsite.
Financial Management Capability Models
The Auditor-General of Canada has developed a financial management capability model that can be used by regularity auditors to determine the financial management capabilities of government departments. This model forms the basis for the model currently under development by the South African Office of the Auditor-General. For further information, click here
Other Links
Other useful information can be obtained from:
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