DISCIPLINARY HEARING
Accounting body aims to make example out of Khaya Sithole
The South African Institute of Chartered Accountants (Saica) has come out fighting against one of its own, a former financial accounting lecturer at Wits University and a columnist of Business Day, Khaya Sithole. Sithole’s disciplinary hearing, which started on Friday, is among the first of its kind to be open to the public as part of Saica’s efforts to enhance transparency in the profession. The hearing comes as the reputations of the audit and accounting professions have been seriously tarnished by, among others, KPMG’s work for Gupta family companies and the actions of former Eskom chief financial officer Anoj Singh. Singh is also facing a Saica disciplinary hearing. Sithole had been dishonest and severely mismanaged the Thuthuka Bursary Fund while project manager of the fund at Wits University from 2014 to 2016, counsel for the institute argued on Friday. The fund is a private sector-funded scholarship scheme for black and coloured students from poor families who wish to study a...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.