IRBA board of directors dissolved amid industry controversy
The Ministry of Finance has announced the dissolution of the board of directors of the Independent Regulatory Board of Auditors.
The Ministry of Finance has announced the dissolution of the board of directors of the Independent Regulatory Board of Auditors.
A whistleblower has joined the dots of corruption in the SA auditing profession. She questions the appointment of CEOs with chequered pasts to top auditing regulatory bodies.
Accountants and auditors have played a central role in the state capture story that characterised the Jacob Zuma presidency.
Steinhoff International Holdings NV is paying for forensic auditors at PwC to help South African anti-corruption police investigate alleged financial wrongdoing that brought the retailer to the brink of collapse.
FlySafair has expressed interest in buying Mango, the low cost airline of South African Airways should it be put up for sale.
Major corporates continue to distance themselves from KPMG SA as Nedbank has now announced that it plans to ditch the auditing firm.
The most important passage in Steinhoff International’s regulatory filing late Friday, was a section attesting that management still believes the retailer is a going concern.
After copping some justifiable flack for a lack of communication after Wednesday’s bombshell announcement, Steinhoff has kicked off what will hopefully be a stronger communication flow through a couple of statements on the Stock Exchange News Service.
Sasfin said it’s firing KPMG as its independent sponsor and searching for a new auditor, becoming the second company to announce it has dumped the firm because of work it did for the politically connected Gupta family.
Highly civilised economist Iraj Abedian is calling on all South African businesses to distance themselves from Gupta-captured auditing firm KPMG.