A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
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.
Approximately 93% of irregular expenditure in government departments and entities has never been followed up on, according to the Auditor General’s office.
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.
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.
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.
Inadequate management systems and resulting poor record keeping involving billions of rands have earned water affairs a qualified annual audit report.
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.
Parliament has welcomed updated financial statements of SA Express after serious transgressions came to light, but warned they must not be repeated.
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.
Is it SA's auditors who helped the country rot, or a rotten environment that let auditing standards slide? asks Heemal Bhaga Muljee.
A significant number of financial sector stakeholders – including the CFO Forum - have objected to proposals for a new “mandatory audit firm rotation framework”.
Chinese government does not audit assets of state owned firms hold overseas, highlighting difficulties it faces when expanding its anti-corruption drive to SOEs.
MEC Panyaza Lesufi has defended the Gauteng education department following a report that it spent at least R10m on forensic audits.
No financial sector regulatory regime can prevent failure of financial institutions, says Minister of Finance Nhlanhla Nene about Sarb's decision on Abil.
Seven of KwaZulu-Natal's 61 municipalities received clean audits for 2012/13, says the provincial co-operative governance and traditional affairs department.
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.
Cape TownMass Staffing ProjectsR400 000.00 - R600 000.00 Per Year
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
Cape TownTumaini ConsultingR720 000.00 - R960 000.00 Per Year
Apartments / Flats
R 9 950 000
R 5 750 000
R 3 300 000
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