The South African Institute of Professional Accountants (Saipa) has become the third institution tasked with overseeing the integrity of the audit and accounting professions to hit a reputational pothole.

Until now, the organisation has largely escaped the opprobrium that for years has dogged its better-known associates, the South African Institute of Chartered Accountants (Saica) and the law-backed Independent Regulatory Board for Auditors (Irba)...

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