Document background
The Audit Code of Conduct serves as a foundational document governing the professional conduct and ethical responsibilities of audit practitioners in South Africa. It is designed to be implemented in contexts where clear guidelines for audit practice are required, incorporating requirements from the Auditing Profession Act, Companies Act, and other relevant legislation. The document provides detailed guidance on independence, professional competence, confidentiality, and quality control, while addressing specific South African regulatory requirements and business practices. This code is particularly relevant in light of recent developments in corporate governance and the increasing focus on audit quality and professional ethics in South Africa's business environment.
