Molefe and Impulse part of probe
Auditing watchdog referred irregularities at Eskom
Eskom auditing irregularities reported to the authorities were in relation to Impulse International — at which former Eskom acting CEO Matshela Koko’s stepdaughter was a director — and the reinstatement of former CEO Brian Molefe, the utility’s spokesman Khulu Phasiwe said. SizweNtsalubaGobodo, the external auditors of Eskom, had raised these irregularities as part of its year-end audit of the state power utility, Phasiwe said. The Independent Regulatory Board for Auditors (Irba) said last week it had referred audit irregularities at Eskom and Transnet, reported by SizweNtsalubaGobodo, to the authorities. In terms of the Auditing Profession Act, a reportable irregularity is any unlawful act or omission committed by any person responsible for the management of an entity that has caused or is likely to cause material financial loss to the entity, is fraudulent or amounts to theft, or represents a material breach of fiduciary duty. Auditors have a duty to report such irregularities for...
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