Auditing Profession Act, 2005 (Act No. 26 of 2005Chapter II : Independent Regulatory Board for AuditorsPart 1 : Establishment and legal status of Regulatory Board3. Establishment and legal status |
| (1) | The Independent Regulatory Board for Auditors is hereby established, and— |
| (a) | is a juristic person; and |
| (b) | must exercise its functions in accordance with this Act and any other relevant law. |
| (2) | The Regulatory Board is subject to the Constitution and the law, specifically, the Public Finance Management Act. |