Order that CPS show financial statements on profits pleases FUL
CPS allegedly did not allow accountants Rain free access to its financial statements, and the verification report showed CPS under declared profits by about R800m
01 April 2021 - 18:20
Freedom Under Law (FUL) has welcomed the Constitutional Court order directing Cash Paymaster Services (CPS) and auditing firms KPMG and Mazars to provide financial statements and documents to verify the service provider’s profits.
FUL approached the apex court asking it to oversee compliance to a 2017 order directing the SA Social Security Agency (Sassa) and CPS to ensure payment of social grants from April 2017 for a period of 12 months by extending the contract awarded to CPS for the payment of social grants. The contract was declared invalid...
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