Question

What are the relevant legislations and standards that govern auditors in Fiji and -----which organization regulates...

What are the relevant legislations and standards that govern auditors in Fiji and -----which organization regulates the auditing profession and enforces the legislations as outlined in the first part of the question?

Homework Answers

Answer #1

The accountancy profession in Fiji is self-regulated by the Fiji Institute of Accountants (FIA). Established under the Fiji Institute of Accountants Act of 1971 (FIA Act), the FIA’s responsibilities are set out in the act and include maintaining a registry of all professional accountants.

There are no independent audit oversight arrangements in Fiji. The Fiji Institute of Accountants Act of 1971 (FIA Act) authorizes the Fiji Institute of Accountants (FIA) to regulate the audit profession. Audits in Fiji can only be conducted by Chartered Accountants (CAs) who hold a Certificate of Public Practice (CPP). CAs who hold a CPP are required to be members of the FIA and in addition, are required to be registered with the Ministry of Justice.

Source: https://www.ifac.org/about-ifac/membership/country/fiji

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