The Committee further reports that it has noted the extremely low representation of previously disadvantaged groups in the auditing profession. While recognising the challenges, it is a matter of concern to the Committee that only 8% of auditors in South Africa are African. While the percentage of female auditors has grown from 14 to 23%, the Committee finds this also unacceptable. The Committee strongly recommends that new and innovative ways be found to increase the representivity of auditors in both racial and gender terms. National Treasury, the Independent Regulatory Board for Auditors (IRBA), other relevant professional associations, higher education institutions, Parliament and other stakeholders all have a role to play in this regard.
