The actors enabling Zuma and the Guptas are trying to divert attention from their own sins to whatever mud they throw at Ramaphosa, writes Adriaan Basson.
Mostly sunny. Cool.
Accounting scandals are spurring auditors to weigh tougher measures for the profession, says Bernard Agulhas, the head of SA’s Independent Regulatory Board for Auditors.
IRBA has concludes the disciplinary hearing of a former KPMG auditor who worked on the books of a Gupta-linked company.
Is it SA's auditors who helped the country rot, or a rotten environment that let auditing standards slide? asks Heemal Bhaga Muljee.
The Independent Regulatory Board for Auditors is not captured and has been making efforts to ensure independence, members of Parliament have heard.
In a Financial Matters Amendment Bill released for comment on Friday, Treasury proposed several changes to the Auditing Profession Act, the law that created Irba.
Payment for the infamous Gupta wedding came under scrutiny as the disciplinary hearing into the conduct of a former KPMG auditor who worked on the books of companies owned by the family wrapped up.
The Independent Regulatory Board for Auditors (IRBA) handed out R2m in fines this week to 21 auditors that contravened its professional standards, code of conduct and the law.
Audit watchdog IRBA has started its disciplinary hearing of a former KPMG employee linked to the Gupta-owned firm which is alleged to have paid for a Gupta wedding with R26.3m of the state's money.
The Independent Regulatory Board for Auditors will review KPMG’s turnaround strategy to identify “weaknesses in its operations”, as it feels the heat to crack down on allegations of several errant auditors.
SA's auditing regulatory body has issued an investigation letter to Sipho Malaba, KPMG’s lead audit partner for VBS Mutual Bank, notifying him of a probe into the company’s audit of the bank which is currently under curatorship.
The auditor responsible for auditing Gupta-linked company Linkway Trading has been struck from the register of the Independent Regulatory Boards for Auditors. This is the first matter arising from the Gupta Leaks to reach a disciplinary conclusion and sanction, IRBA noted.
Unethical behaviour has a major impact, not only on the business involved, but also on the image of the private sector, says Mlondi Mdluli.
The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.
The Auditing Profession Act amendments are part of continued regulatory improvement for public protection, writes Bernard Agulhas.
The chairperson of the local audit watchdog, Abel Dlamini says Public Protector Busisiwe Mkhwebane is victim of ‘self-induced ignorance’ and ‘dishonesty’.
Following numerous corporate scandals across the world, Makhosandile Kwaza asks how regulators miss the red flags.
‘Construction firm Linkway does not have any employees … It lacks an apparent commercial purpose’.
The Independent Regulatory Board for Auditors says resource and personnel constraints have forced it to prioritise high profile cases, and it has a 'critical need' to increase capacity.
Charges relate to financial statements signed off at African Bank Limited and African Bank Investments.
The Independent Regulatory Board for Auditors says it has already flagged several 'lines of further investigation' as it probes Deloitte SA's audits of embattled retailer Steinhoff.
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