The failure of the auditing profession to maintain its professional stature is a disease worse than the one that infects South African politics. During the Zuma regime our politics was infected by a contagious disease: corruption. The symptoms are the condoning of unethical, immoral self-enrichment practices. The old saying "never trust a politician" has became a reality. Corruption is a contagious disease that has spread throughout our government departments, municipalities, state-owned enterprises and other state institutions. It is still undetected and undiagnosed in many government services. I never thought we would have a new saying: "Never trust an auditor", yet the auditing profession has become infected by a similar disease. Symptoms are observed where the integrity required of the audit professional is compromised. Auditors have betrayed the public trust placed in them. Auditing is not about the subtle nuanced games business people play to obtain or retain business contract...
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.