Internal auditing bodies make their voices heard in public institutions
Professionals out to salvage their image
Auditing professional bodies say they will “aggressively drive changes” to salvage their image in 2019. The auditing profession has been under fire since the implication of KPMG in state capture and the implosion of Steinhoff. Questions have also been raised about the role of internal auditors in shining light on activities that cannot easily be picked up by external auditors. Representatives of the bodies told the Public Sector Forum on Monday that intimidation of internal auditors and total disregard of professionals’ recommendations are among the issues speeding up corporate and public institutions’ capture in SA. Another concern they raised is the promotion of police officers without the relevant experience to investigate financial statements. Jaco de Jager, chief audit executive in the Association of Fraud Examiners SA, said 26 professional bodies had joined forces to minimise instances where “a guy who was working in the police office filling [in] charge sheets suddenly become...
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