Public Accountants and Auditors Board
Encyclopedia
The Public Accountants' and Auditors' Board is the statutory body controlling that part of the accountancy
profession involved with public accountancy in the Republic of South Africa
." Public Accountants' and Auditors' Board
The designation conferred by the board is the RAA. This designation is required for all auditors of public companies in South Africa. Typically RAA's are also Chartered accountant
s.
The purpose of the PAAB is to control public accounting. It is governed by the Public Accountants' and Auditors' Act, 1991 (Act 80 of 1991 of The Republic of South Africa).
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
profession involved with public accountancy in the Republic of South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
." Public Accountants' and Auditors' Board
The designation conferred by the board is the RAA. This designation is required for all auditors of public companies in South Africa. Typically RAA's are also Chartered accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
s.
The purpose of the PAAB is to control public accounting. It is governed by the Public Accountants' and Auditors' Act, 1991 (Act 80 of 1991 of The Republic of South Africa).