The future of the audit industry hangs in the balance, as a raft of indiscretions and, in some cases, flagrantly criminal activity, has tarnished an industry critical to SA’s investment reputation.

This week, advocacy group Open Secrets publishes a searing report into the practices of "the big four" — KPMG, Deloitte, EY and PwC — dismantling the notion that the auditors have been unfairly criticised for their failures, and setting out just how it believes the profession must be reformed...

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