SA expects decisive leadership from the president, including the fight against Covid-19 and holding his Cabinet to account, writes Mpumelelo Mkhabela.
High level clouds. Mild.
Bernard Agulhas, the head of auditing watchdog the Independent Regulatory Board for Auditors, says a draft amendment bill will make the auditing watchdog more efficient.
A trend of financial 'irregularities' among corporates wreaks havoc on the savings prospects of South Africans, including for retirement, says Sifiso Skenjana.
Ex-SAICA president Ignatius Sehoole has taken up his position as CEO of KPMG, the company said in a statement on Tuesday.
Accounting adjustments were made to reflect higher profits in AYO Technology Solutions' interim financial statements, the PIC commission of inquiry heard.
KPMG helped SA falter, but with hard work, it could be part of the solution too, says Solly Moeng.
KPMG South Africa has released a 45-page report laying out the measures it adopted as it tries to recover from the reputational damage it suffered after the revelation of irregular audit practices by some of its partners.
The Joburg city council definitely fell well short of its targets on repairing potholes and issuing rates certificates – but the Auditor-General can't judge by how much because of the state of its books.
South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter.
The auditing firm says it will be distributing the R47m it earned in fees from Gupta-related entities to civil society.
Accountant and commentator Khaya Sithole has complained about the slow disciplinary process by the South African Institute of Chartered Accountants, which could extend until 2019, with no finalisation.
In response to allegations about auditing firm Deloitte's dealings with Eskom, the SA Institute of Chartered Accountants is in the process of establishing if any of its members are implicated.
PwC was fined about R67m by the UK’s accounting watchdog over failings in its handling of technology firm Redcentric
The audit firm argues it should only pay R25.4 million in fines for admitted misconduct in its work on the books of Bank of New York Mellon, because its "work did not fully reflect all aspects of the new guidance applicable”.
Corrupt auditors did substantial damage to the country. The profession as a whole can help fix that, says Solly Moeng.
In the past, auditors failed to correctly identify it, Public Enterprises Minister Pravin Gordhan has said.
IRBA has concludes the disciplinary hearing of a former KPMG auditor who worked on the books of a Gupta-linked company.
KPMG South Africa's executive chairman, Wiseman Nkuhlu, says enhanced audit reviews and stringent client selection are just some of the key strategies that the firm has since adopted to rebuild its tainted brand.
KPMG South Africa says it is now "a very different business", as it appeals for public trust after being embroiled in Gupta-linked and other auditing scandals.
Is it SA's auditors who helped the country rot, or a rotten environment that let auditing standards slide? asks Heemal Bhaga Muljee.
One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection. In some cases they will require independent verification.
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