SA auditing becoming 'dangerous'

2013-10-26 15:43
Terence Nombembe. (Picture: Sapa, file)

Terence Nombembe. (Picture: Sapa, file)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Forensic auditing is becoming an increasingly dangerous profession, the Saturday Star reported.

Secretary general of the Association of Public Accounts Hlomani Chauke told the paper that the suspected hit on forensic auditor Lawrence Moepi was just "the tip of the iceberg".

Moepi, the director of forensic company SizweNtsalubaGobodo was shot dead at the company's office in Houghton last week.

"Nowadays, these kinds of attacks are happening to people who are unravelling corruption and mismanagement of public and private money," Chauke was quoted as saying.

He said auditing companies were vulnerable because corruption was widespread.

Chief executive of the Independent Regulatory Board Bernard Agulhas told the paper that the lives of many auditors were at risk.

"While we are trying to strengthen the independence requirements for auditors as an oversight body, those that are truly independent now have their lives at risk. If the life of an auditor is threatened, it means the independence of auditing is threatened," Agulhas said.

He said while the board could not offer physical protection for auditors, they encouraged them to work with the police.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
26 comments
Comments have been closed for this article.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.