ROB ROSE: Audit angst over Bosasa
The regulator will now look closer at the firm that audited Bosasa. But the firm itself says it is ‘appalled’ at grim admissions from an ex-staffer
If there are two people who will surely be glued to the unfolding car crash that is the testimony of Angelo Agrizzi, it is Rodney Moore and Louisa Ungerer. Moore and Ungerer are directors of audit firm D’Arcy-Herrman & Co, which was formed by former prisoner-of-war Peter D’Arcy-Herrman in 1959. Today, it operates from three out-of-the-way locations: Tzaneen, Hoedspruit and Krugersdorp. D’Arcy-Herrman also happens to be the registered auditor of a company called African Global Operations — the current incarnation of Bosasa Operations. It is D’Arcy-Herrman that has been signing off Bosasa’s accounts, which it now seems may be fractionally less credible than a North Korean tourism brochure. This was pretty clear as soon as Agrizzi, African Global’s former COO, began testifying at the Zondo commission last week, ratting out his former partners in crime from the witness chair. It has been jaw-dropping stuff. The feisty 51-year-old has testified that R4m-R6m was withdrawn every month from...
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.