The PAAB has, as part of its mandate, the responsibility to ensure that all registered accountants and auditors are competent at entry to the profession and remain so throughout their professional lives. In terms of this mandate, the PAAB sets the competency requirements at entry to the profession through the Audit Development Programme (ADP) and supports on-going competence through the Continuing Professional Development (CPD) Policy. Equally, the PAAB has the responsibility to ensure that all applicants, who wish to enter the profession after an “extended absence” from the audit and assurance environment, are competent. This policy defines an “extended absence” from audit and assurance as the following:
- more than five years since an applicant:
- Was registered with the PAAB (for MIPP or MNIPP);
- Successfully completed the ADP;
- Passed the Public Practice Examination (PPE) or equivalent as approved by PAAB;
- Completed a training contract in public practice.