South Africa maintains first position for the strength of Auditing and reporting standards.
South Africa maintained its number one ranking for the strength of the Auditing and Reporting Standards for the fourth year in a row according the World Economic Forum's (WEF) Global Competitiveness Report for 2013-2014, released on 4 September.
Independent Regulatory Board for Auditors (IRBA) CEO Bernard Agulhas says the ranking brings confidence to foreign investors that they can trust and rely on our auditing strength despite the economic meltdown that the country is experiencing.
About the IRBA
The objective of the IRBA is to endeavour to protect the financial interests of the South African public and international investors in South Africa through the effective and appropriate regulation of audits conducted by registered auditors, in accordance with internationally recognised standards and processes.