Latest News & Developments
accountancy and auditing
Police Committee calls for skills and lifestyle audits for senior SAPS management
The committee called for the SAPS to consider body cameras as a technological intervention to reduce civil cases against the organisation.
Audit reports help citizens to play their critical role in the public sector accountability ecosystem
The Auditor-General of South Africa (AGSA) analyses the audit outcomes through general reports for both entities audited under the Municipal Finance Management Act (MFMA) and the Public Finance Management Act (PFMA).
Auditor-General makes damning findings against NSFAS
The Auditor-General said they found a number of material misstatements in the financial statements of the National Student Financial Aid Scheme.
Auditor-General warns against R5. 2 billion lost in municipalities
Auditor-General Tsakani Maluleke said material irregularities in municipalities were R5. 2 billion and this number does not include all municipalities.
KPMG Opaque Dealings: Fraud, Corruption,Yet It Remains Banked
The recent conclusion of the lawsuit between KPMG South Africa (KPMG) and VBS Mutual Bank, has left many questioning the commitment to transparency within the firm, says the writer.
Auditor-General denies delays in releasing report on Ekurhuleni’s finances
The Auditor-General said she completed the audit of Ekurhuleni on time.
Midvaal Municipality scores its 10th consecutive clean audit
This landmark achievement, validated by the Auditor-General and celebrated in a Special Council meeting, reflects Midvaal's dedication to impeccable financial management and compliance.
Auditor-General raises red flags on Prasa finances
The Auditor-General said there was no evidence that action was taken against officials implicated in irregular expenditure.
Auditor-General makes damning findings against SAA as it incurred loss of R6. 4 billion
The Auditor-General has found that the books of SAA were in shambles due a lack of record keeping and the airline suffered a loss of R6. 4 billion.
RAF under fire over legal tussle with Auditor-General
Scopa chairperson Mkhuleko Hlengwa said the board of the Road Accident Fund must report back to the committee in January next year on their position regarding the legal challenge.
Auditor-General of South Africa appointed as new auditors for Unesco
Parliament’s Standing Committee on the Auditor-General commended the AGSA’s latest feat, saying it was proud of the Office of the AG for this prestigious appointment.
AG warns against ballooning medical claims
The Auditor-General said the government has not met its target of reducing medical from R70 billion to R18bn by next year.
African female CAs can accelerate change in SA
African female chartered accountants are a minority in South Africa – even though they could play a significant role in reducing poverty and improving living standards for entire households.
Regulatory board sounds alarm on skills shortage in South Africa's auditing sector
Independent Regulatory Board for Auditors says the skills shortage was exacerbated by low maths literacy in South Africa, which significantly reduced the number of students able to study accounting.
Khaya Ngema appointed as Postbank administrator after entire board of directors quit ‘to avoid accountability’
Postbank’s Board of Directors resigned on September 12 ahead of Thursday’s Annual General Meeting of the Postbank.
Eastern Cape accountant pocketed over R50 million from leading retailer
Due to his crimes, Jonathan Simon Blow, 52, was struck off the roll from the South African Institute for Chartered Accountants (SAICA).
Maropene Ramokgopa wants more departments to get clean audits
Minister in the presidency Maropene Ramokgopa said they are trying to get more departments and entities to get clean audits.
KZN Premier Nomusa Dube-Ncube cracks whip on failing municipalities
The Premier said it was time to act swiftly on those who think municipalities belong to them or belong to their famillies.
Sabinet announces collaboration with Afriwise to enhance client value
Sabinet and Afriwise have partnered to enhance the accessibility of reliable and accurate legislation to organisations with business interests in Africa.
Auditor-general’s shocking findings about mismanagement by KwaZulu-Natal municipalities
So dire is the situation the AG reported that at least nine municipalities face imminent collapse under the weight of years-long challenges.
Auditor-General paints gloomy picture of municipalities
The Auditor-General said municipalities’ state of finances continues to worsen and there needs to be urgent intervention by local government leaders.
Polokwane officials in hot water as Mayor John Mpe insists on consequences for mismanagement
The two senior officials were fingered in irregularities in terms of recruitment processes, appointment of contractors, and pre-evaluation process in Polokwane.
Head of UKZN’s School of Arts elected chairperson of language body
Professor Nobuhle Hlongwa is the new Chairperson of USAf’s Community of Practice for the Teaching and Learning of African Languages.
UKZN senior lecturer scoops CIMA Teaching Excellence Award
Dr Patricia Shewell received the honour at the third edition of the AICPA and CIMA Excellence Awards.
Auditor-General uses new powers to crackdown on corruption
“We identified 179 material irregularities for provincial and national government together and 169 of those had an estimated financial loss of R12 billion. ” - Auditor-General Tsakani Maluleke