The world is changing fast and to keep up you need local knowledge with global context.
The directors of Sygnia took the decision to look for alternative external auditors given their unsatisfactory engagement with Deloitte and the reputational risk associated with the firm.
South Africa’s manufacturing sector has perked up, with more cars, electronics, metal products and furniture produced than expected.
KPMG, whose reputation in South Africa is almost terminally tarnished following its controversial “rogue unit” report, is being probed in the UK.
The former KPMG auditor at the centre of a huge corruption scandal in South Africa has been struck off by the local accounting watchdog after admitting six charges of improper conduct.
Accounting giant KPMG has been blessing the books of General Electric (GE) for 110 years, but the next audit poses significant risks for both companies.
In an article on the Accountancy Age website, KPMG CEO Nhlamulo Dlomu is painted as the CEO who presided over KPMG as its South African employees got their hands dirty.
KPMG, the auditor that shed clients and staff after scandals in South Africa, apologises for its “misdeeds” and wants a second chance.
Auditing firm KPMG named Ignatius Sehoole as chief executive officer-designate of its South African operations, replacing Nhlamulo Dlomu.
How is it that KPMG and the other Big Four auditors have been getting away with enabling financial irregularities on an industrial scale?
Technology makes many services free, yet the global beasts of the internet are damaging capitalism.