First KPMG and now Deloitte … Another kick in the audit teeth.

With the dust yet to settle on state capture, the Steinhoff scandal looks set to reopen the country’s audit wounds.

KPMG’s involvement with the Zuptoids has been well documented, with Deloitte set to compete with them as public enemy #1. This as Steinhoff says it will restate 2016 financial results audited by Deloitte.

So now with two of the ‘Big Four’ under South African scrutiny, would you be happy with a 50% hit rate that what you’re reading is trustworthy?

The public’s trust deficit, be it with public or private institutions, is widening fast …