Deloitte fined $5.4m over Serco Group audit failings

2019-07-04 11:29

The auditing firm was fined for its failure to properly audit the accounts of a unit of Serco in the latest case of a Big Four firms being sanctioned for its accounting shortcomings.

Our job's not to search for state capture, but we found signs things were wrong - AG's office

2018-11-28 06:45

Approximately 93% of irregular expenditure in government departments and entities has never been followed up on, according to the Auditor General’s office.

KPMG SA, affiliates of Deloitte, BDO to pay penalties over audit work

2018-03-14 15:48

KPMG South Africa, KPMG Zimbabwe and foreign affiliates of accounting firms Deloitte & Touche and BDO have agreed to pay penalties for becoming involved in audit work that did not comply with US audit standards.

Govt departments dig in their heels at audit outcomes

2016-11-02 11:40

More and more state and provincial departments are contesting audit outcomes without substance and have even threatened his office with legal action, says the auditor general.

Expert help for municipalities - Gordhan

2014-12-08 22:30

Experts are being sent to 122 of the 183 municipalities in South Africa to help them to deliver the required services, says Minister Pravin Gordhan.

Water Affairs loses track of billions of rands

2014-10-02 15:21

Inadequate management systems and resulting poor record keeping involving billions of rands have earned water affairs a qualified annual audit report.

Audits riddled with problems

2014-04-10 16:56

Public company and bank audits conducted by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a survey shows.

SA Express rapped over the knuckles

2013-05-03 19:09

Parliament has welcomed updated financial statements of SA Express after serious transgressions came to light, but warned they must not be repeated.


AG: Just one clean audit in KZN

2019-06-27 15:00

Amid a climate of impunity for officials who flout legislation, only one municipality out of KwaZulu-Natal’s 54 managed to achieve a clean audit.

How SA can achieve a clean ethics audit

2018-11-27 06:15

Is it SA's auditors who helped the country rot, or a rotten environment that let auditing standards slide? asks Heemal Bhaga Muljee.

Strong objection to new audit regulation proposals

2016-11-11 19:49

A significant number of financial sector stakeholders – including the CFO Forum - have objected to proposals for a new “mandatory audit firm rotation framework”.

China fails to audit $637.42bn of overseas SEOs

2015-03-03 15:30

Chinese government does not audit assets of state owned firms hold overseas, highlighting difficulties it faces when expanding its anti-corruption drive to SOEs.

R10m spent on education audits - report

2014-11-20 18:37

MEC Panyaza Lesufi has defended the Gauteng education department following a report that it spent at least R10m on forensic audits.

Nene: No system could stop African Bank failure

2014-08-11 10:48

No financial sector regulatory regime can prevent failure of financial institutions, says Minister of Finance Nhlanhla Nene about Sarb's decision on Abil.

KZN scores seven clean audits

2013-12-04 14:31

Seven of KwaZulu-Natal's 61 municipalities received clean audits for 2012/13, says the provincial co-operative governance and traditional affairs department.

SA Express suffers R187m loss

2013-04-26 15:05

Figures show that SA Express experienced a R187m loss in 2010/11, which is likely to speed up talks of a merger with South African Airways.

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