Unaccountable Profile Series Special: The Auditors

Unaccountable Special: The Auditors 16 August 2021 | Mamello Mosiana 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 are…

Unaccountable 00021: Bain and Company- The KGB of Consulting

Bain & Company is one of several powerful multinational corporations at the centre of corruption and State Capture in South Africa. Bain enabled the wrecking of the South African Revenue Service, contributing to economic hardship for all South Africans. Placing profit over principle, Bain remains unaccountable and continues to dodge responsibility for serious economic crimes.…

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,…

Land of glorious impunity – and how to ensure constitutional accountability for public resources

Mark Heywood | Daily Maverick | 2 February 2021 The latest scandal concerning the Gauteng Education Department’s R431-million expenditure on ‘deep-cleaning and decontaminating’ schools is symptomatic of a deeper problem: we live in a land of hopeless impunity for maladministration and corruption. It was the year Covid-19 upended our lives. But 2020 was also characterised by…