Recital 15

(15)The Committee of European Auditing Oversight Bodies (CEAOB) has reassessed the legal framework in South Africa, based on the Audit Profession Act of 2005, which has not changed since Implementing Decision (EU) 2016/1010. Taking into account the technical assessment of the CEAOB referred to in Article 30(7)(c) of Regulation (EU) No 537/2014 of the European Parliament and of the Council ⁴ , the IRBA meets requirements that should be declared adequate for the purposes of Article 47(1)(c) of Directive 2006/43/EC.