oa Auditing SA - New legislation for private auditors - concerns are increasing

Volume 2000, Issue 24
  • ISSN : 1028-9003



The passage of the Draft Accountancy Profession Bill has not been a harmonious or happy one. The proposed legislation is developed to replace the current Public Accountants' and Auditors' Act (Act 80 of 1991). The memorandum to the Draft Accountancy Profession Bill claims that the process of developing a new Act started in 1991 when the Public Accountants' and Auditors' Board (PAAB) initiated the FAESA project (Future of Accounting Education in South Africa).

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