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IRBA Guide on Trust Account Audits

Independent Regulatory Board For Auditors

The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) approved for issue the Revised Guide for Registered Auditors: Engagements on Attorneys’ Trust Accounts (Revised Guide). This Revised Guide replaces the previous IRBA Guide, Guidance for Registered Auditors: Engagements on Attorneys’ Trust Accounts, which has been withdrawn.

This Revised Guide provides guidance to the registered auditor when performing a reasonable assurance engagement on whether an attorney’s trust accounts were maintained in compliance with sections 86(2), 86(3), 86(4), 86(5), 87(1) and 87(3) of the Legal Practice Act 28 of 2014 (the Act), and its Rules.

This Revised Guide has been updated for amendments to the International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other than Audits or Reviews of Historical Financial Information, and the Rules for the Attorneys’ Profession, as published in the Government Gazette No. 39740 on 26 February 2016 (Effective for financial periods commencing on or after March 2016).

Effective Date

The Revised Guide is effective for financial periods commencing on or after 1 March 2016.
IRBA has issued a health warning on their website in respect of the changes in legislation, and this warning van be viewed on their website. The Revised IRBA Guide is available in both word and PDF should you wish to access it.
Both the health warning and the Revised IRBA Guide are available on the IRBA website at

https://www.irba.co.za/industry-specific-guides-and-regulatory-reports-pages/attorneys-trust-account-engagements