dc.contributor.author |
Odendaal, Elizabeth Margaretha
|
|
dc.contributor.author |
De Jager, Herman
|
|
dc.date.accessioned |
2012-05-24T11:31:57Z |
|
dc.date.available |
2012-05-24T11:31:57Z |
|
dc.date.issued |
2011 |
|
dc.description.abstract |
The Companies Act of 2008 introduces the independent review of financial statements of certain non-public
interest companies as an alternative to the conventional audit. The audit of financial statements can only be
performed by a Registered Auditor and is currently still required for all companies. The objective of the study is
to determine the perceptions of Chartered Accountants (South Africa) regarding independent reviews. A
questionnaire was used in order to obtain the perceptions of Chartered Accountants (South Africa) regarding
independent reviews. This questionnaire covered the nature of an independent review, determinants of audit
exemption, performing an independent review, and practitioners deemed competent to perform an
independent review. The study also evaluated whether Chartered Accountants (South Africa), who are not
allowed to perform audits, do in fact qualify to perform independent reviews.
The respondents confirm the need for a principle-based stand-alone set of independent review standards as
this is likely to clarify the terminology and to enhance the quality of reviews. The study also reveals that
Chartered Accountants (South Africa) meet the requirements to perform independent reviews. However, the
Independent Regulatory Board for Auditors should oversee the regulation of Chartered Accountants (South
Africa) performing independent reviews to ensure that independent reviews are also performed in the public
interest. |
en |
dc.description.librarian |
nf2012 |
en |
dc.description.uri |
http://www.saiga.co.za/publications-sajaar.htm |
en_US |
dc.identifier.citation |
Odendaal, EM & De Jager, H 2011, 'Independent reviews : perceptions of Chartered Accountants (South Africa)', Southern African Journal of Accountability and Auditing Research, vol. 12, pp. 25-36. |
en |
dc.identifier.issn |
1028-9011 (print) |
|
dc.identifier.uri |
http://hdl.handle.net/2263/18868 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Southern African Institute of Government Auditors |
en_US |
dc.rights |
Southern African Institute of Government Auditors |
en_US |
dc.subject |
Chartered Accountants (South Africa) |
en |
dc.subject |
Independent review standards |
en |
dc.subject |
Draft Regulations to the Companies Act |
en |
dc.subject |
Registered Government Auditors (RGA) |
en |
dc.subject.lcsh |
Independent Regulatory Board for Auditors (South Africa) |
en |
dc.subject.lcsh |
South Africa. Companies Act, 2008 |
en |
dc.subject.lcsh |
Financial statements -- Reviews |
en |
dc.subject.lcsh |
Auditors' reports |
en |
dc.subject.lcsh |
South African Institute of Chartered Accountants |
en |
dc.title |
Independent reviews : perceptions of Chartered Accountants (South Africa) |
en |
dc.type |
Article |
en |