PAAB meaning in Business ?

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What is Public Accountants and Auditors Board mean?

The Independent Regulatory Board for Auditors (IRBA), formerly known as Public Accountants and Auditors Board (PAAB), is a statutory body controlling public accountancy in the Republic of South Africa.

The designation conferred by IRBA is Registered Auditor (RA). Following qualification, accountants entering into public practice are required to register with IRBA and are governed by its regulations.

IRBA functions under the Auditing Profession Act, 2005 (Act 26 of 2005). Its members are appointed by the Minister of Finance. The Board consists of not less than six but not more than 10 members and, disregarding any vacancy in its membership, not more than 40% of the members of the Board may be registered auditors.

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Posted on 27 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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