Current information
Knowledge Base
Current developments in laws and regulations for municipalities, educational institutions and audit practice.
New Quality Management Standards published in the Government Gazette
As of 31 December 2025, the revised Supplementary Regulations Quality Management (NVKM) and Standard Quality Management 2 (SKM2) have been published and apply in phases to all licensed audit firms.
Read more →Accountancy Amendment Act: mandatory internal supervisory body from 2027
The Accountancy Amendment Act strengthens quality and governance in the sector. From 1 July 2027, the largest firms with a regular licence must have a mandatory internal supervisory body. Audit quality indicators (AQIs) are also introduced for OOB firms.
Read more →Wwft obligations for auditors: what you need to know
The Anti-Money Laundering and Counter-Terrorism Financing Act (Wwft) imposes obligations on auditors regarding client due diligence, risk management and reporting. The BFT guidance provides further elaboration for audit practices.
Read more →New BBV rules from financial year 2025: materiality at 2% of total expenditure
From financial year 2025, amended rules apply to budgeting, accountability and statutory audit at municipalities, provinces and joint arrangements. The amendments, published on 16 April 2025, introduce a fixed materiality threshold of 2% of total expenditure excluding reserve additions.
Read more →Compliance accountability: current state of affairs
Compliance accountability has been mandatory for municipalities since financial year 2023. The NBA is working on a revised Guidance 1152 and the BBV Committee will publish a compliance framework note 2025, both providing further guidance on the division of roles between the board and the auditor.
Read more →Structure of municipal annual accounts: what changes from 2025?
The April 2025 BBV amendments affect the structure of municipal annual accounts. In addition to introducing the Other Information paragraph, new requirements apply to the layout of the annual accounts and the placement of the audit opinion.
Read more →Education Auditor Protocol OCW 2025: what you need to know
The Education Auditor Protocol OCW 2025 was published on 9 December 2025. The protocol applies to the audit of the 2025 annual accounts of educational institutions and contains sector-specific audit standards and reporting requirements.
Read more →Digital annual reporting in education: submission via XBRL Education Portal
Educational institutions are required to submit their annual accounts digitally via DUO's XBRL Education Portal. For financial year 2025, the NT20 OCW taxonomy applies. In addition to the financial statements and management report, policy information must also be submitted.
Read more →RJO: reporting requirements per education sector
The Regulation on Annual Reporting in Education (RJO) sets sector-specific requirements for the structure and content of annual reports. Requirements for PO, VO, MBO and HO differ in certain respects. A sound understanding of sector-specific standards is essential for an efficient statutory audit.
Read more →AFM report: audit procedures on fraud risks fall short
The AFM concludes that audit procedures on fraud risks at a number of large firms fall short. In a subsequent report (November 2025), the AFM notes improvement in fraud risk analysis at six OOB firms. The NBA acknowledges the need for further improvement.
Read more →AFM: audit firms must strengthen information security
The AFM calls on audit firms to further strengthen their IT risk management, including up-to-date risk registers, well-tested business continuity plans and careful supplier management. The call follows findings from AFM investigations at multiple organisations in 2025 and 2026.
Read more →NBA Audit Change Agenda: progress on quality improvement
The NBA publishes the annual progress of the Audit Change Agenda, the multi-year programme for improving audit quality in the public interest. In 2025, significant steps were taken in areas including standardisation, training and transparency.
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