Saturday Star

The real problem with the auditing profession

The audit profession has been in the news plenty over the years and all over the world, and never for the right reasons. From the Enron scandal in the US that brought Arthur Anderson down, to the Wirecard impropriety in Europe, that saw Germany's accounting watchdog fine EY and ban it from some audits in the country.

More recently, Australia's fourth-largest pension fund suspended new work with PwC Australia, the latest in a string of funds to pause work with the accounting firm over a

You’re reading a preview, subscribe to read more.

More from Saturday Star

Saturday Star3 min read
Will Cash Finally Meet Its Match?
With hard cash accounting for most of the total value of transactions, South Africa remains a predominantly cash-based economy. However, the proportion of cash versus digital currency is shrinking – slowly, but nonetheless surely. And, with more ter
Saturday Star2 min read
Blitzboks Set Tone For Olympic Qualification
THE Springbok Sevens made a positive start at the Olympic Repechage tournament in Monaco yesterday as they overpowered Mexico 44-0 in their final bid to qualify for Paris 2024. Stand-in head coach Philip Snyman will be pleased by the performance afte
Saturday Star3 min read
GNU Finds Itself On Shaky Ground
The seventh administration under the Government of National Unity (GNU) is already under strain, and South Africans are wondering if it will work to the benefit of the country. There were signs of discord with reports this week casting a negative lig

Related