Auditing Profession Act, 2005 (Act No. 26 of 2005)

Chapter I : Interpretation and Objects of Act

2. Objects of Act
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The objects of this Act are—

(a)to protect the public in the Republic by regulating audits performed by registered auditors;
(b)to provide for the establishment of an Independent Regulatory Board for Auditors;
(c)to improve the development and maintenance of internationally comparable ethical standards and auditing standards for auditors that promote investment and as a consequence employment in the Republic;
(d)to set out measures to advance the implementation of appropriate standards of competence and good ethics in the auditing profession; and
(e)to provide for procedures for disciplinary action in respect of improper conduct.