Gupta-owned Oakbay Resources on Thursday announced it appointed SizweNtsalubaGobodo as its new auditing firm.
This comes after KPMG, Absa‚ FNB‚ Nedbank and Standard Bank cut ties with Oakbay over potential “reputational risk”.
The Money Show’s Bruce Whitfield interviewed Dr Steven Firer, Research Associate at Gibs.
Firer spoke about what auditors are required to look at in the process of accepting a client.
Scroll down for quotes from the audio below.
New auditors have to follow a strict regimen before taking on business from old auditors.— Dr Steven Firer, Research Associate at Gibs
The new auditors must consider the integrity of their clients.— Dr Steven Firer, Research Associate at Gibs
Would the reasonable auditor accept the appointment?— Dr Steven Firer, Research Associate at Gibs
The old auditors would have to have given a very clear explanation why they chose to resign.— Dr Steven Firer, Research Associate at Gibs
Recommendedby THE NEWSROOM
Bruce Whitfield asks Business Day Editor-in-Chief Peter Bruce to speculate on President Cyril Ramaphosa’s Cabinet.
The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.
Valentine's Day is hundreds of years old, but some of the tokens of our love are quite new.
The Money Show’s Bruce Whitfield interviews Perpetua cofounder Delphine Govender.
The Money Show’s Bruce Whitfield takes a call from James, a livid ANN7 employee.
Can a bank pull the plug on a client for reputational risk? The Bredenkamp vs Standard Bank case suggests it can.
Social media reacts with love and hope to President Ramaphosa's maiden State Of the Nation Address.
Afternoon Drive’s Stephen Grootes interviews Senior Research Associate at the Institute for Security Studies Judith February.
Speaker of Parliament Baleka Mbete shares her views on the future of Parliament and the readiness for Sona 2018
The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.
Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.