The status quo in the audit profession can no longer be tolerated
As Prof Wiseman Nkuhlu says, trust in institutions is a key determinant of economic progress and is crucial to a nation’s prospects
22 September 2020 - 12:24
The launch on September 18 of Prof Wiseman Nkuhlu’s memoir of his time as chair of KPMG SA from January 2018 to March 2020, Enabler or Victim? KPMG SA and State Capture, is a necessary reminder of the fundamental role of auditing and the need for greater reform in the profession.
Clinically, the purpose of an audit is to enhance the degree of confidence in a set of financial statements. This is achieved via an audit opinion on whether the financial statements are prepared in accordance with the relevant reporting frameworks or not...
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