Circular 22 of 2025: Audit Quality Indicators – Audit Committee Feedback

At the Council for Medical Schemes’ (CMS) engagement with audit committees and auditors on 28 March 2025, the CMS received support to implement the proposed Audit Quality Indicators (AQIs) for audits of financial statements for the year ended 31 December 2026.

As such, this circular seeks to share the proposed AQI template that will be used during the appointment of auditors as per section 36(1) of the Medical Schemes Act (131 of 1998) (MSA), and communicate the deadline for comments by audit committees.

The CMS has also received requests to incorporate additional AQI considerations relating to ethics and governance. Consequently, the CMS also invites comments on the need to have ethics and governance-related indicators.

Stakeholders are invited to review the AQI template and provide their comments on the links below:
• Please click here for the AQI template.
• Please click here to provide your AQI comments.
• Please click here to propose specific ethics and governance indicators for consideration.

The deadline for final comments is 31 July 2025.

For more information, download the Circular here.