Proposed powers for audit regulator cause controversy
A bill before parliament proposes giving the Independent Regulatory Board for Auditors the power to search and seize with a warrant
14 October 2020 - 15:09
UPDATED 15 October 2020 - 12:01
Proposals to strengthen the powers of the regulator for the auditing profession came under attack in parliament on Wednesday, with some companies and industry organisations arguing against providing a civil body with such wide-ranging authority.
Among the provisions of the Auditing Profession Amendment Bill is to give the regulator, the Independent Regulatory Board for Auditors (Irba), powers to search and seize documents with a warrant if no consent has been obtained beforehand for this...
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