If you want to feel your blood boil, download Eskom’s annual financial statements, which contain the most damning audit opinion I’ve read in 17 years of analysing companies.
On page 22 you’ll find SizweNtsalubaGobodo’s qualification.
The basis for the qualification is that Eskom "did not have an adequate system for identifying and recognising all irregular expenditure and there were no satisfactory alternative procedures that we could perform to obtain reasonable assurance that all irregular expenditure had been properly recorded", say the auditors.