Page Title: Tip Offs – IRBA

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Page Text: » Tip Offs The IRBA has created a separate email address to receive tip-offs. Tips-offs and other relevant information from the public are seen as important sources for the IRBA’s regulatory mandate. Information can be provided anonymously. The primary benefit of such a process is enhanced proactiveness of the risk-based inspections approach. Such a process is already implemented in international jurisdictions, where tip-offs are received on an anonymous basis. It is also envisaged that some information received through this process may yield similar proactive benefits for other IRBA departments which may ultimately assist in earlier regulatory intervention. Anonymous tip-offs are expected to empower those who would otherwise fear reporting matters which could be of significant risk. In addition to empowering such individuals, the availability of an external reporting channel may have the benefit of deterring individuals from acting in a manner that would otherwise negatively affect audit quality in the market. Submissions can be emailed to  tip-offs@irba.co.za The types of information that may be useful include information about potential breaches by registered auditors or audit firms of relevant rules and regulations. Relevant rules and regulations include prescribed reporting and auditing standards, the IRBA Code of Professional Conduct and other relevant requirements. It must be noted that the IRBA already has a formal complaints process which is facilitated through the Investigations Department. Anonymous tip-offs should not be confused with the formal complaints process. Furthermore, the submission of tip-offs should not create the expectation that the IRBA will follow up on every piece of information received. It is anticipated that some information received through the tip-offs process may not be of sufficient substance to follow up on from a regulatory perspective. Individuals who wish to report a matter that they believe warrants disciplinary action are encouraged to follow the formal complaints process which can be accessed  here . Title

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