SA FM | Viewpoint | 8 July 2020 | The Auditor General recently released a report and it tells of gross financial mismanagement in the public sector. Now the public sector is bound to attract attention because it runs on taxpayer’s money. But this doesn’t necessarily mean that the same unscrupulous way don’t exist in…
Lack of independence, poor accountability and a culture of silence are some of the issues plaguing the auditing profession globally.
Ciaran Ryan | Moneyweb | 3 July 2020 | A new report by Open Secrets puts them back in the crosshairs. Of the roughly 1 000 people attending the virtual release of the latest Open Secrets report titled The Auditors, a good number were likely from the accounting profession. They must have been squirming in…
Radio 786 | 3 July 2020 | South Africa’s top four auditing companies have been labelled as a cartel. This comes as all four of the firms have been exposed and implicated in audit failure and corrupt dealing. In a special report by Open Secrets titled ‘Corporations and Economic Crime Report’ – it details how…
Sandisiwe Shoba | Daily Maverick | 2 July 2020 | Lack of independence, poor accountability and a culture of silence are some of the issues plaguing the auditing profession globally. A new report by non-profit, Open Secrets, shows how cracks in the system have caused a credibility crisis in the industry and why this is…
While the economic impact of Covid-19 will impact KPMG, PwC, Deloitte, and Ernst & Young (EY) like much of the private sector, they are cushioned by years of sustained and avaricious profit-taking.
The auditing industry is in urgent need of serious reform
Unaccountable 00014 | BAE Systems – (Profit) Before Anything Else By Meghan Samaai This is an instalment in Open Secrets’ series detailing BAE Systems’ network of middlemen and agents who were paid generously in return for their political connections and influence during South Africa’s 1999 Arms Deal. This week, we turn our focus from the…
Unaccountable 00013 | Fana Hlongwane – Agent of BAE Systems By Meghan Samaai This is the second in a three-part Open Secrets series detailing the lucrative relationship between BAE Systems and its covert international network of middlemen. As we saw in Unaccountable 00012, BAE, like many European arms corporations looking to profit from South Africa’s…
Justice for Ahmed Timol and other apartheid victims Press Statement by the South African Coalition for Transitional Justice The South African Coalition for Transitional Justice (SACTJ) notes with deep concern the decision by the National Prosecuting Authority (NPA) that it does not intend to pursue charges against two apartheid Security Branch police officers, Seth Sons…