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National Gazette No. 43194, 01 April 2020, Vol 658, Page 4

20200401 - National Gazette No 43194 of 01-April-2020, Volume 658, page 4

Page	4 of 12
Gazette	National Gazettes, No 43194, from 01 April, 2020
Notice	Page No. 2 of 4, Auditor-General of South Africa/ Ouditeur-Generaal van Suid-Afrika 443 Public Audit Act (25/2004) » Audit Fees Regulations

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            4    No. 43194                 GOVERNMENT GAZETTE, 1 APRIL 2020

Definitions

2.     In these regulations, unless the context indicates otherwise,  any  word or expression  to

which a meaning has been assigned in the Public Audit Act, 2004 (Act No. 25 of 2004) has the same
                meaning, and –
                "Act" means the Public Audit Act, 2004; and

"in writing"  includes  any electronic  means  recognised  by the Electronic  Communications and
                Transactions Act, 2002 (Act No. 25 of 2002).

Process to consult National Treasury on the frequency, nature and scope of audits and the basis

for determination of audit fees

3. (1)   The Auditor-General must, in accordance with subregulations (2) and (3) –
                       (a)    in respect of the frequency, nature and scope of audits referred to in section 11 of

the Act, annually by the first day of July; and
                       (b)    in respect of the basis for the calculation of audit fees to be recovered from auditees

in respect of audits referred to in section 11 of the Act, whenever he or she deems it
                              necessary,
                invite the National Treasury to make submissions to him or her for purposes of the financial year

commencing on 1 April of the subsequent year.
                (2)    For purposes of the matters contemplated in subregulation (1)(a), the Auditor-General must

provide the National Treasury with relevant information, which may include –
                       (a)    information on the frequency, nature and scope of audits referred to in section 11 of

the Act he or she proposes to determine;
                       (b)    information on the different categories of audits the Auditor-General proposes to

determine for purposes of section 13(3)(a) of the Act, if any;
                       (c)    information on any specific  directives  the Auditor-General proposes to issue in

respect of any specific case for purposes of section 13(3)(b) of the Act, if any;
                       (d)    the  list of  auditees,  identified  by the  Auditor-General  in accordance with  section

23(6) of the Act, whose  audit fee exceeds  one  percent  of  the total  current and
                              capital expenditure of such auditee for the relevant financial year;

(e)    the Auditor-General’s views in respect of an auditee’s ability to settle its audit fees;
                       (f)    the motivation underlying the Auditor-General’s proposed determinations.

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