ACCOUNTING ETHICS
SAA mum on possible conflict of interest
South African Airways would not disclose if Robert Newsome, who was recently appointed interim head for risk and compliance at the national carrier, informed its board that he was facing a South African Institute of Chartered Accountants (Saica) disciplinary hearing relating to misconduct. Newsome faces the possibility of a five-year suspension of his membership of Saica if found guilty of breaching the institute’s code. If his membership is suspended, Newsome will be removed from the register of chartered accountants. The sections of the code he is accused of breaching include those relating to conflicts of interest, the requirement to act in the public interest and the requirement to act professionally and with integrity.
When asked if Newsome had informed the SAA board at the time of his appointment that he was facing a disciplinary hearing, Tlali Tlali, head of media relations at SAA, told Business Day: "This is an internal matter between the employer and an employee." Tla...
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