Transformation must mean truly empowering black auditors, Irba says
The Independent Regulatory Board for Auditors says of the almost 4,300 registered auditors, 74.8% are white and only 10.5% are black African
The Independent Regulatory Board for Auditors (Irba) has expressed concern about the slow pace of transformation in the auditing profession. There are 41 black-owned asset management companies in the country. Concern was raised on Tuesday, as Parliament’s finance and trade and industry committees held a public hearing on the transformation of the financial services sector. Irba CEO Bernard Agulhas The Independent Regulatory Board for Auditors says of the almost 4,300 registered auditors, 74.8% are white and only 10.5% are black African said in a statement that transformation had to mean truly empowering black accountants and black-owned auditing firms, "which includes providing equal opportunities to access the audit market. "Previously, the lack of progression of young black professionals to the highest level in audit firms has been explained by the assumption that many young black accountants complete their articles and leave auditing for more lucrative roles in the government, th...
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