FAQ: What is a Recognised Controlling Body?

A Recognised Controlling Body is:

A statutory controlling body referred to in s 240A(1) of TAAct namely:

• The Independent Regulatory Board for Auditors established in terms of section 3 of the Auditing Professions Act;
• A Law Society established in terms of Chapter 3 of the Attorneys Act;
• The General Council of the Bar of South Africa, a Bar Council and a Society of Advocates referred to in section 7 of the Admission of Advocates Act; and
• A statutory body that the Minister of Finance is satisfied is similar to the above statutory bodies and the details of which are published in the Government Gazette; or
• A controlling body referred to in s 240A(2) of TAAct that has been recognized by the Commissioner upon meeting the requirements in respect of:
  • Maintaining relevant and effective:
    • Minimum qualifications and experience requirements
    • Continuing professional education requirements
    • Codes of ethics and conduct;
    • and Disciplinary codes and procedures
  • Maintaining a membership of at least 1 000 members