08 August 2019 23 Min Read
under fire
Who broke auditing and can it be fixed?
A string of high-profile accounting-related disasters has hit SA investors in quick succession – Steinhoff, EOH, Tongaat, VBS, Resilient. They come in the wake of accounting crises and corruption across the public sector. Has the auditing profession lost its way, becoming embedded with clients and failing to provide clean financial statements that justify its huge fees? What’s behind the crisis – and can it be fixed?
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