On a rainy Sunday morning, as many South Africans were flipping through the weekend newspapers, Roy Andersen and Nonkululeko Gobodo were wading into a storm of their own: their first day as "caretakers" of the flailing audit regulator, the Independent Regulatory Board for Auditors (Irba).

Neither is a lightweight: Gobodo, SA’s first black woman chartered accountant, founded the audit firm which became SizweNtsalubaGobodo; Andersen, a past president of the JSE and former chair of auditor EY, is a founding member of the King committee which drew up SA’s first governance code...

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