¶¶Òõ¶ÌÊÓƵ

All Countries
Compliance
Audit Code Of Practice

Audit Code Of Practice Template for South Africa

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Audit Code Of Practice

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Audit Code Of Practice

"I need an Audit Code of Practice for a multinational mining company operating in South Africa, with specific focus on ESG reporting requirements and cross-border audit considerations, to be implemented by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Audit Code of Practice serves as an authoritative guide for conducting audits within the South African jurisdiction. It has been developed to ensure consistency and quality in audit practices while complying with local regulatory requirements and international standards. The document is essential for audit firms, individual practitioners, and organizations subject to audit requirements, providing detailed guidance on everything from audit planning to reporting. The Code takes into account the South African regulatory framework, including the Auditing Profession Act, Companies Act, and IRBA requirements, while also incorporating international best practices. It is particularly relevant in the context of increasing regulatory scrutiny, evolving audit methodologies, and the need for enhanced transparency and accountability in financial reporting.
Suggested Sections

1. Introduction and Purpose: Overview of the code's objectives and its role in ensuring audit quality

2. Scope and Applicability: Defines who must comply with the code and in what circumstances it applies

3. Definitions and Interpretations: Comprehensive glossary of technical terms and their meanings within the context of the code

4. Legal and Regulatory Framework: Overview of relevant legislation and regulatory requirements that form the basis of the code

5. Professional Standards and Ethics: Fundamental principles of professional ethics and conduct for auditors

6. Independence Requirements: Detailed requirements for maintaining auditor independence

7. Quality Control Standards: Requirements for firm-level and engagement-level quality control

8. Audit Planning and Risk Assessment: Guidelines for planning audits and assessing risks

9. Audit Documentation Requirements: Standards for maintaining proper audit documentation and working papers

10. Reporting Requirements: Guidelines for audit reports and other formal communications

11. Quality Review Process: Procedures for internal and external quality reviews

12. Non-Compliance and Disciplinary Procedures: Consequences and procedures for handling violations of the code

Optional Sections

1. Industry-Specific Requirements: Additional requirements for specific industries (e.g., financial services, mining, public sector)

2. Technology and Data Analytics: Guidelines for using technology and data analytics in audit procedures

3. Environmental, Social and Governance (ESG) Considerations: Guidance on incorporating ESG factors in audit procedures

4. Remote Auditing Procedures: Guidelines for conducting remote or hybrid audits

5. Small and Medium Practice Considerations: Specific guidance for smaller audit firms and practitioners

6. Group Audit Considerations: Additional requirements for group audits and component auditors

Suggested Schedules

1. Schedule A: Risk Assessment Templates: Standardized templates for documenting risk assessments

2. Schedule B: Quality Control Checklists: Detailed checklists for quality control procedures

3. Schedule C: Independence Declaration Forms: Standard forms for declaring independence

4. Schedule D: Audit Report Templates: Standard templates for various types of audit reports

5. Schedule E: Technical Reference Guide: Detailed technical guidance on specific audit procedures

6. Appendix 1: Relevant Legislation Extracts: Key excerpts from relevant South African legislation

7. Appendix 2: IRBA and ISA References: Cross-references to IRBA requirements and ISA standards

8. Appendix 3: Documentation Examples: Sample documentation and working paper examples

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions















































Clauses



































Relevant Industries

Financial Services

Mining and Resources

Manufacturing

Public Sector

Listed Companies

Non-Profit Organizations

Healthcare

Education

Retail

Technology

Professional Services

Energy and Utilities

Relevant Teams

Audit

Internal Audit

Risk and Compliance

Quality Assurance

Professional Standards

Technical

Finance

Corporate Governance

Training and Development

Methodology

Relevant Roles

Audit Partner

Senior Audit Manager

Audit Manager

Senior Auditor

Internal Audit Director

External Auditor

Quality Assurance Manager

Risk Assessment Manager

Compliance Officer

Chief Financial Officer

Financial Controller

Audit Committee Chair

Technical Director

Methodology Partner

Training Manager

Professional Standards Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Code Of Conduct Contract

South African Code of Conduct Contract establishing workplace behavior standards and compliance requirements under SA law.

find out more

Audit Code Of Practice

A comprehensive guide establishing audit standards and requirements in South Africa, aligned with IRBA requirements and local legislation.

find out more

Customers Offering Bribes Code Of Conduct

A South African-compliant code of conduct document providing guidelines and procedures for handling and preventing customer-initiated bribery attempts.

find out more

Code Of Conduct For Independent Contractors

A South African-compliant governance document establishing professional standards and ethical guidelines for independent contractors, aligned with local labor laws and business practices.

find out more

Code Of Conduct For Logistics Company

A South African logistics company Code of Conduct document outlining ethical standards, compliance requirements, and behavioral expectations under South African law.

find out more

Client Code Of Conduct

A governance document outlining client conduct standards and responsibilities under South African law.

find out more

Code Of Conduct For Contractors

A South African law-compliant document establishing conduct and compliance standards for contractors, incorporating key local legislative requirements.

find out more

Audit Code Of Conduct

A comprehensive code of conduct for audit professionals in South Africa, aligned with local regulations and international standards.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.