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south african institute of charteredlatest news & developments
In a statement on Thursday, the committee said that, although it respects the autonomy of universities to decide on salaries, it was concerned about the high pay some senior managers receive. (Oupa Nkosi)

English monolingualism gains the upper hand

South Africa’s failure to encourage multilingualism undermines progress

Former VBS CEO ?Andile Ramavhunga. (Gallo)

Former VBS CEO wants to challenge ‘bank heist’ report findings at ConCourt

The ‘​Great Bank Heist’ report found that R1.9-billion had been looted from the mutual bank, implicating him along with at least 50 other individuals

Tshifhiwa Matodzi (left) Andile Ramavhunga. (Mduduzi Ndzingi/Sowetan/Gallo Images)

Saica launches new bid to discipline ex-VBS bosses

The accounting body will on Thursday argue again that Tshifhiwa Matodzi and Andile Ramavhunga should be struck off the CA (SA) roll

Commenting on his appointment, Sehoole said, ‘My priority at KPMG will be to continue to restore client confidence and again make KPMG a firm where the best people wish to work.’ (BizNews)

KPMG appoints new chief executive

The beleaguered auditing firm has appointed a leader from outside the firm

Saica’s members that are implicated include former chief executive Andile Ramavhunga and former holding company Vele Investments chairperson Tshifhiwa Matodzi. (SABC)

Saica to take action against accountants implicated in VBS Bank ‘heist’

Saica’s members that are implicated include former CEO Andile Ramavhunga and former holding company Vele Investments chairperson Tshifhiwa Matodzi

Brazil’s government has taken several measures to assist mothers raising Zika-affected children, such as priority access to public housing and minimum-wage payments for the poorest families. (Marco Bello/Reuters)

Khaya Sithole Saica hearing to continue

Saica’s inquiry into chartered accountant, commentator and former Wits lecturer Khaya Sithole will resume on Wednesday

KPMG has haemorrhaged a string of clients after the Auditor General ended its contracts with the firm to audit the public sector. (Reuters)

Finbond appoints new auditors after giving KPMG the boot

The bank’s audit committee recommended the appointment of Deloitte

Brazil’s government has taken several measures to assist mothers raising Zika-affected children, such as priority access to public housing and minimum-wage payments for the poorest families. (Marco Bello/Reuters)

Explosive Khaya Sithole affidavit casts shadow over Saica

​An affidavit by the chartered accountant accuses Saica’s top leadership of lying, not following due process and covering up corruption

Anoj Singh was also charged with failing to “maintain and adhere to the fundamental principles in the Saica Professional Code of Conduct for Chartered Accountants”.

Saica starts disciplinary proceedings against former Eskom CFO Anoj Singh

Following a period of investigation, the professional body has decided to issue charges of misconduct against the chartered accountant

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

In December

ARCHIVES: Broke SAA goes on spending spree

Since November, the new airline boss has splurged on new hires and brought in expensive consultants

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)

SAICA and KPMG part ways

The institute of chartered accountants said it will now begin a tender process to appoint external auditors

Some ANC insiders in the province have previously told the M&G that President Cyril Ramaphosa’s second term will most likely be supported by all four factions, with some saying that this will also be contingent on Ramaphosa bringing back David Mabuza as his running mate.

Regulators must show their teeth

Statutory bodies have to redeem themselves given that so many executives walk away from scandals

Chantyl Mulder, senior executive for transformation and youth at the South African Institute of Chartered Accountants. (Photo: ICA)

The long road to transformation and equity

Experts agree that the implementation of broad-based black economic empowerment still leaves a lot to be desired.

South Africans shirk medical insurance

Only 3.5-million of South Africa’s 48-million citizens have medical aid — that’s 84% with no medical cover.

Provisional taxpayers unfairly taxed

The SA Institute of Chartered Accountants is calling for amendments to provisional tax legislation because some taxpayers end up paying too much.