We must all inoculate ourselves against the disease of unethical behaviour
It is not only auditors who need special training — everyone needs to operate from a perspective of ubuntu
In October, the faculty of commerce, law and management at the University of the Witwatersrand (Wits) held a public debate on lessons learnt from KPMG. With former finance ministers Pravin Gordhan and Nhlanhla Nene, as well as commentator Iraj Abedian and chartered accountant Nonkululeko Gobodo on the panel, it was a well-attended event. The discussion focused on the importance of sound auditing, malpractices in the profession, and the role of universities in training members of the accounting and auditing profession. At Wits, we have been thinking a lot about the issues raised in the debate — for our accountancy and auditing courses, but also more broadly. The KPMG issue has given us an opportunity to reflect on what we are teaching our students and how we are equipping them to function in society and build SA. It would be disingenuous to suggest the KPMG scandal is isolated to that company, or even to that industry. Recent reports of questionable practices on the part of PwC in it...
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