Auditing
Recent hearings before Parliament’s Standing Committee on Public Accounts highlighted Johannesburg’s mixed progress on audit issues. The City of Johannesburg reported reductions in irregular expenditure but faced questions over rising audit findings and infrastructure shortfalls. Officials and the Auditor-General presented differing views on the metro’s governance reforms.
Reported by AI
The Independent Regulatory Board for Auditors (IRBA) has released its 2025 Public Inspections Report on Audit Quality, revealing that only 28% of inspected audit engagements met relevant standards, down from about 45% the previous year. The report highlights recurring weaknesses and calls for improved quality management in audit firms. Inspections focused on higher-risk cases, so findings do not represent the entire profession.