Three new standards―International Standards on Quality Monitoring (ISQM) 1 and 2 and International Standard on Auditing (ISA) 220 (Revised)―aim to strengthen and modernise quality management. The standards became effective on 15 December 2022.

In 2017, PAFA issued extensive guidance on quality assurance reviews for professional accountancy organisations / regulators. PAFA is now inviting proposals from consultants to update this guidance considering the new ISQM, ISA 220 (Revised), and other international developments.

The request for proposals can be accessed here. Interested consultants should submit the completed proposal form by 29 March 2023. The proposal form can be addressed here. Please contact development@pafa.org.za should you have any questions.