Unaccountable 00028 Case File: PwC and Nkonki
26 July 2021 | This is the repository of documents cited in the 28th profile of the Unaccountable series which focusses on the role of PwC and Nkonki as auditors of the national air carrier, SAA.
Unaccountable 00027: Ernst & Young and the scam that cost Mozambique $2.2 billion
This profile is on PwC and Nkonki, the auditors that repeatedly gave SAA a clean bill of health while fraud and corruption soared.
Audit Failure: Our correspondence with Tongaat Hulett
Open Secrets correspondence with Tongaat Hulett regarding audit failure and fraud revealed in Tongaat’s 2018/2019 Annual Report.
Big audit firms make amends – but is it enough?
Daily Maverick | Sasha Planting | 16 February 2021 | With SA’s Independent Regulatory Board for Auditors (Irba) in a full-blown governance crisis and the Auditing Profession Amendment Bill still wending its way through Parliament, two of the firms involved in SA’s gigantic accounting scandals are attempting to make right for past failings. On Monday,…
Audit Reform Act: Almost a reality — and almost appropriate
Daily Maverick | Ruan Jooste | 25 January 2021 | The Big Four auditing firms – Deloitte, EY, KPMG and PwC – played a systemic role in financial crimes across the globe and evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability reforms are around the corner, but will…
Unaccountable 00019: IRBA- Soft Touch Regulator in Turmoil
Unaccountable 00019: IRBA- Soft Touch Regulator in Turmoil By Michael Marchant It has often appeared that the desire of the regulatory board for auditors to protect its members overshadows its responsibility to inform the public about dodgy auditors The “Big Four” audit firms – Deloitte, EY, KPMG and PwC – are regularly implicated in audit…
Unaccountabe 00018: KPMG – At the heart of state capture
Unaccountabe 00018: KPMG – At the heart of state capture By Mamello Mosiana The Big Four auditing firms – Deloitte, EY, KPMG and PwC – played a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the…
Steinhoff: in the dark, still
Michael Marchant | Business Live | 27 August 2020 | Nearly three years after Steinhoff’s finances were exposed as a sham and the company lost nearly all its value overnight, it is offering shareholders and former partners a settlement agreement. Facing legal claims for over R130bn, Steinhoff’s management is proposing a R16bn settlement, payable in…
Unaccountable 00017: EY – incompetent, negligent or criminal?
Unaccountable 00017: EY – incompetent, negligent or criminal? By Michael Marchant The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry…
The Fox Guarding the Chicken Coop
CFO Talks Podcast | 17 August 2020 | A recent report released by Open Secrets provides fascinating insight to financial crimes in South Africa’s private and public sector. Open Secrets’ researcher Michael Marchant speaks to CFO Talks.