the corporations and economic crime report

The Corporations and Economic Crime Report is a publication series by Open Secrets that delves into cases of private sector economic crime and corruption, and their impact on human rights.

CECR explores the most egregious cases of economic crimes and corruption by private financial institutions, from apartheid to the present day. In doing so, we aim to highlight the key themes that link corporate criminality across these periods of time, focusing on the role of the private sector, a critical blind spot in the discourse around economic crime.

This publication interrogates the failure of state institutions and regulators to ensure accountability for corporate economic crimes, and considers the often enormous social and economic costs to which these crimes contribute. It will form part of a series that tackles issues of corporate crime head-on, and generates public discussion around an alternative take on the often state-centric perception of corruption.

On the 2nd of July 2020, Open Secrets in partnership with the Financial Mail hosted a discussion on the auditing industry and launched CECR Volume 2: The Auditors.

volume 1: the bankers

volume 2: the auditors

submission on the auditing profession amendment bill

On the 12th of October 2020, Open Secrets made a submission to the National Assembly’s Standing Committee on Finance regarding the Auditing Profession Amendment Bill. The Bill seeks to amend the Auditing Profession Act of 2005 to address the challenges and limitations that the Independent Regulatory Board for Auditors (IRBA) faces in discharging its regulatory and oversight responsibilities especially in light of current state of auditing and accounting professions.

As a civil society organisation, Open Secrets is a key stakeholder and interested party in audit reform. Our submission focusses on the role of auditors; their impact on the public generally; and the importance of the Auditing Profession Act Amendment Bill.

the auditors pamphlet

We have created pamphlets that distill the main findings of CECR Vol.2: The Auditors. This pamphlet is available for download in four South African languages: Afrikaans, English, isiXhosa and Sesotho.

Comments are closed.