Financial sector professional bodies are considering collaborating with law enforcement to convict members found complicit in accounting and auditing scandals that has rocked corporate SA.

Speaking at the Institute for Internal Auditors SA (IIASA) conference, the Independent Regulatory Body of Auditors (Irba) CEO Bernard Agulhas said accountants and auditors implicated in corporate scandals have not been convicted because industry bodies like Irba are only able to take away a person’s  licence but not put them in jail.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now