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IRBA to crack down on errant auditors
IRBA to crack down on errant auditors

First KPMG, then Steinhoff. This has been the year in which the underbelly of the auditing professional has been exposed and ben ajudged wanting...

3 days ago

Claims against Steinhoff uncover revolving tangle of dodgy deals
Claims against Steinhoff uncover revolving tangle of dodgy deals

The Steinhoff International management stands accused of cooking the books to hide losses and inflate earnings. But what exactly might it have done and how?

By Hanna Ziady 14 Dec 2017

Bernard Agulhas, Irba CEO
Inquiry into KPMG runs into secrecy problems

An investigation into possible wrongdoing by auditing firm KPMG in its report on the South African Revenue Service (Sars) "rogue unit" and its author, Johan van der Walt, could grind to a halt over restricted documents...

13 Dec 2017

Bruce Cleaver, CEO of the De Beers Group
Changing expectations: Diamond traceability

In a world of fleeting connections and disposable luxury, diamonds must stand for enduring value that is grounded in confidence...

By Bruce Cleaver 5 Dec 2017

Embattled Sars boss knows too much - MP
Embattled Sars boss knows too much - MP

It appears that senior SA Revenue Service executive Jonas Makwakwa is being "protected because of what he knows", says the chairman of parliament's finance committee, Yunus Carrim...

29 Nov 2017

Nova board agrees to fairness opinion
Nova board agrees to fairness opinion

The directors of Nova Property Group, which arose from the failed Sharemax scheme, have agreed to seek an independent "fairness opinion" on the structure of their proposal to list the group's portfolio on the JSE...

By Hanna Ziady 27 Nov 2017

Faith Ngwenya, technical executive: Saipa
How accountants can mitigate the wait-and-see effect

South African business executives continue to adopt a wait-and-see approach to business due to political and economic instability in the country...

By Faith Ngwenya 24 Nov 2017

Crazy Black Friday at QuickBooks
Crazy Black Friday at QuickBooks

EasyBiz QuickBooks is proud to offer its customers their Black Friday Crazy Special, which actually starts at 8am on Thursday, 23 November, and finishes on Friday, 24 November, at 4pm. Now isn't that crazy!..

Issued by QuickBooks 23 Nov 2017

Bongani Coka, CE of Saipa. Photo: The Legacy Project
It's a matter of trust

While a good reputation takes time to build, but can be destroyed overnight. This is particularly true of the accountancy and audit profession...

By Bongani Coka 21 Nov 2017

Saica signs climate-related risk agreement
Saica signs climate-related risk agreement

Saica has affirmed its commitment to sustainability reporting by signing a statement of support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

17 Nov 2017

Nhlamulo Dlomu, CEO KPMG
No sign of probe KPMG promised

KPMG is scrambling to justify why there is no progress on setting up an independent investigation into work it did for the controversial Gupta family...

16 Nov 2017

Cosatu demands those misusing taxpayers' money be held accountable
Cosatu demands those misusing taxpayers' money be held accountable

Cosatu has demanded that all those behind mismanagement of the billions of taxpayers' funds, as revealed by the Auditor-General's latest report, be held accountable...

By Naledi Shange 3 Nov 2017

Saica launches inquiry into some members employed by KPMG
Saica launches inquiry into some members employed by KPMG

Saica has convened an independent inquiry after reports that some of its members employed by KPMG have allegedly engaged in conduct which is in contravention of the Saica Code of Professional Conduct.

3 Nov 2017

Imperial reviews its relationship with KPMG
Imperial reviews its relationship with KPMG

Transport and logistics group Imperial said it was reviewing its relationship with auditing firm KPMG...

1 Nov 2017

QuickBooks and Quick Payroll 30%-off deal
QuickBooks and Quick Payroll 30%-off deal

EasyBiz QuickBooks is currently running the biggest-ever discounted package on its two flagship products, QuickBooks Accounting and Quick Payroll, when bought as a bundle...

Issued by QuickBooks 31 Oct 2017

QuickBooks Online recognised as Best Small Business Accounting Software
QuickBooks Online recognised as Best Small Business Accounting Software

Business News Daily in the United States runs a survey every year to determine which software is the best Small Business Accounting Software on the planet...

Issued by QuickBooks 30 Oct 2017

@ Glyn Spencer via
Taxi operators need financial management skills to compete

The University of the Western Cape's School of Business and Finance has produced research assessing the financial management skills of taxi operators in Cape Town...

30 Oct 2017

The dangers that lurk in land expropriation without compensation
The dangers that lurk in land expropriation without compensation

If expropriation without compensation is allowed, it could endanger the faith banks place in the land as security and set into motion a chain-reaction that eventually leads to the ordinary consumer losing out...

23 Oct 2017

Mining minister, Mosebenzi Zwane
KPMG did not flag Free State dairy farm, Zwane tells probe

Mineral Resources Minister Mosebenzi Zwane told Parliament that beleaguered auditing firm KPMG did not raise any concerns about impropriety related to a dairy project in Vrede...

19 Oct 2017

TFG latest to flee from Gupta auditor
TFG latest to flee from Gupta auditor

TFG is the latest JSE-listed company to drop KPMG as its auditor. The retail group made the announcement just hours after Telkom said it would not award any new business to KPMG...

11 Oct 2017

Nhlamu Dlomu, CEO: KPMG South Africa
KPMG announces new executive team

Having purged its executive a few weeks ago, KPMG South Africa's new CEO, Nhlamu Dlomu, has announced her new leadership team...

10 Oct 2017

KPMG told to hand over tax agency's probe memo
KPMG told to hand over tax agency's probe memo

KPMG has been ordered to provide the memo for the original briefing it got from the South African Revenue Service (SARS) outlining the scope of the audit firm's mandate to investigate issues such as the existence of a "rogue unit" at the tax agency...

6 Oct 2017

Themba Godi, chairman of the standing committee on public accounts (Scopa). Photo: SA Breaking News
ANC a no-show as parliament hears of KPMG blues

There was not an ANC MP in sight when Parliament's standing committee on public accounts (Scopa) kicked off its hearing into the KPMG debacle....

By Khulekani Magubane 6 Oct 2017

Nhlamu Dlomu, CEO of KPMG SA
KPMG to face Scopa

KPMG SA's newly appointed CEO, Nhlamu Dlomu, will be answering questions before Parliament's Standing Committee on Public Accounts (Scopa) today...

5 Oct 2017

Bernard Agulhas, CEO of Irba
Irba asks for stronger sanctions for auditing misconduct

Auditors who misbehave could face heftier fines and sterner sanctions if the amendments put forward by the Independent Regulatory Board for Auditors (Irba) are tabled...

4 Oct 2017

Saurabh Kumar, CEO at In2IT Tech
Blockchain: The solution to corruption?

Blockchain, the same technology that powers cryptocurrency, creates opportunities to deliver new services in new ways that previously were not possible...

3 Oct 2017

SARS head Tom Moyane wants MPs to look into KPMG's handling of 'rogue unit' report
SARS head Tom Moyane wants MPs to look into KPMG's handling of 'rogue unit' report

South African Revenue Service (SARS) commissioner Tom Moyane has written to the chairman of Parliament's finance committee, Yunus Carrim, to register his "dissatisfaction" with the manner in which KPMG dealt with its report on the "rogue" unit at SARS.

By Linda Ensor 2 Oct 2017

Bonang Mohale, CEO: Business Leadership South Africa
Corrupt SOEs threaten SA's economy

After suspending KPMG, BLSA has announced it has done the same with Eskom and Transnet...

28 Sep 2017

Photo:
Parliament ditches KPMG

KPMG South Africa's pariah status continues, with Parliament being the latest to terminate its relationship with the audit firm...

By Nicci Botha 28 Sep 2017

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