Deloitte was convinced that fallen furniture retailer Ellerines would remain a going concern when African Bank gave it a R1.4bn loan while there was uncertainty over its future, the auditing firm’s lawyer said on Wednesday.

The Independent Regulatory Board for Auditors (Irba) has called in Deloitte, one of the big four accounting firms, to answer to charges levelled against employees who signed off African Bank’s financial statements prior to its failure.

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