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auditinglatest news & developments
Israel’s surveillance tools are now part of its economic presence in Africa. Photo: File

Blockchain-based financial reporting has potential to empower SMMEs

It can eliminate the need for expensive and time-consuming manual audits, creating verifiable financial histories automatically, with minimal cost.

Ruwayda Redfearn

‘It is right that auditing is under scrutiny’ — Deloitte Africa CEO-elect

Incoming chief executive Ruwayda Redfearn says Deloitte has learned a lot about the importance of ‘professional scepticism’ from its corporate mishaps

Auditor-General, Tsakani Maluleke.

South Africa’s audit independence tops World Bank rankings

Only two countries received a perfect score in ​​latest report on national audit institutions

(Gallo)

Balancing the books: Give the auditors some credit

This is an article in reponse to Khaya Sithole’s column on 14 November, The decline and fall of South Africa’s auditing profession

Auditor General Kimi Makwetu. (Gallo)

Covid-19 crisis: Audit offices must rise to the occasion

The government’s good work can easily be undone should the risks of fraud and corruption not be addressed proactively

Professor NA Nevhutanda joined the board in 2009 and was reappointed chair in 2017

The members of the National Lotteries Commission Board

They bring a strong commitment to change and development

In his report, AG Kimi Makwetu noted that unauthorised expenditure by provincial and national governments increased to to R2.1-billion. (Lisa Hnatowicz/Beeld/Gallo Images)

Pattern of wasteful expenditure as audit regression increases

The Auditor General says over the last four years, more audit outcomes have regressed than improved

Nedbank did not allude to KPMG’s reported links to various governance scandals.

‘We are disappointed, but expect others to follow’ — KPMG on Nedbank

Nedbank announced on Monday that Ernst & Young and Deloitte & Touche would take over its external auditing

Manuel is one of four investment envoys tasked by President Cyril Ramaphosa with selling SA Inc. to raise billions in new investments.

Manuel: SA auditors got too comfortable with being number one

South Africa’s auditing profession had been ranked first in the World Economic Forum’s Competitive Index for six years but has fallen from grace

Human Settlements Minister Nomaindia Mfeketo had red-flagged an investment made by one of her department’s entities in a scandal-hit bank that is now under curatorship.

New ombud in hot water over VBS

A housing scheme regulator invested R80m in the troubled bank. Now the minister has stepped in

Worldwide, the study estimates that a total of $2.4-billion was lost because of internet clampdowns. (Getty)

KPMG expects 400 people to leave as auditor reshapes business

It will remain a ‘business of significant scale’, KPMG said, with more than 130 partners and 2 200 employees

KPMG partner Sipho Malaba was aware of nearly R1-billion cash shortage at VBS Mutual Bank, but cleared its financials anyway. (Alon Skuy/Gallo Images)

Exodus continues as Finbond dumps KPMG

The JSE-listed mutual savings bank said KPMG’s appointment as external auditors would terminate at the end of June 2018

IDC appoints new auditors after dumping KPMG

This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC

Makwetu also raised concerns about the challenges that auditing teams face when they conduct their work. (David Harrison/M&G)

WATCH LIVE: Auditor-General releases municipal audit results

Auditor-General Kimi Makwetu will report back on the audit results of the country’s municipalities for the 2016/2017 financial year

Bernard Agulhas, the CEO of the IRBA. (Daylin Paul/The Times)

Auditing watchdog snowed under as 5 investigators struggle with 150 cases

​The Independent Regulatory Board for Auditors admitted to Parliament on Wednesday that it has resource constraints

James Selfe

Eskom board faces massive clean-up job

Although auditors have cautioned the new board on its financial health, the newly appointed board is positive that it can turn things around

Let us never forget the private-sector players who facilitated public-sector fraud

Steinhoff scandal points to major gaps in stopping unethical corporate behaviour

A suit of highly paid professional services seem to have failed investors in the unfolding Steinhoff corporate scandal

Pipe dream: Seawater intake pipes are pulled ashore to attach them to the Strandfontein desalination plant

Mashaba returns 3 hijacked Jo’burg buildings to rightful owners

​Johannesburg Mayor Herman Mashaba announced on Tuesday that three hijacked buildings in the city had been returned to their rightful owners

Unite: Opposition parties back the United Democratic Movement’s case before the ConCourt on a secret ballot in Parliament.

Audit watchdog sharpens its fangs

The IRBA is legally mandated to ensure the public can trust that audits are clean

Government shows slight improvement in AG report

Outgoing auditor general Terence Nombembe’s report on national and provincial departments reflect "a pattern of positive outcomes".