independent Reviewer

Functions

An Independent Reviewer is responsible to for conducting a review of the financial statements of a client and express a conclusion in terms of International Standard on Review Engagements (ISRE2400).

A review of financial statements in accordance with ISRE 2400 entails a risk assessment of the client’s internal controls and making inquiries of management and others within the entity involved in financial and accounting matters, applying analytical procedures, and evaluating the sufficiency and appropriateness of evidence obtained. A review also requires performance of additional procedures when the practitioner becomes aware of matters that cause the practitioner to believe the financial statements may be materially misstated.

Pathways

Standard: To qualify as an Independent Reviewer, an individual needs to comply with all the academic, practical and assessment requirements specified below.

Recognition of prior learning (RPL): Individuals who have acquired sufficient technical knowledge and practical competencies can qualify through a Recognition of Prior Learning (RPL) process. The RPL process considers work experience and skills gained before, during or after academic studies, and both formal and informal learning is measured, mediated for recognition, and certified against the SAIPA Competency Framework.

Practical requirements

• Proof of professional competence to carry out relevant engagements