Auditing firm KPMG is under fire for the role it played in auditing a Gupta-owned company that was allegedly used to channel taxpayers' money to fund a wedding at Sun City in 2013.
As a result, the Board of the Institute of Directors in Southern Africa decided to suspend all co-branded activities with KPMG.
The Money Show’s Bruce Whitfield interviewed Independent Regulatory Board For Auditors CEO Bernard Agulhas.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We immediately started our investigation when the news broke.— Bernard Agulhas, Independent Regulatory Board For Auditors
We expect an increase in scepticism by auditors… Auditors need to be more sceptical… only then can they be sufficiently independent…— Bernard Agulhas, Independent Regulatory Board For Auditors
Audit committees must be equally sceptical.— Bernard Agulhas, Independent Regulatory Board For Auditors
Auditors must please shareholders, not management.— Bernard Agulhas, Independent Regulatory Board For Auditors
Auditors must not only look at what’s presented to them, but also to what is not presented to them.— Bernard Agulhas, Independent Regulatory Board For Auditors
Auditors are watchdogs, not bloodhounds.— Bernard Agulhas, Independent Regulatory Board For Auditors
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Mind the generation gap! The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews David Shapiro, veteran stockbroker and Deputy Chairperson at Sasfin.
If you invested R7287 in March 2010 it would now be worth R34 billion! BILLION! You read that right. Warren Ingram has advice…
The Money Show’s Bruce Whitfield talks to Africa Connected host Lee Kasumba on the last day of her fact-finding mission in Kumasi.
Old Mutual personal finance expert Lizl Budhram offers a step-by-step guide to get your financial future right.
He may just be the world's biggest Madonna fan! Bruce Whitfield interviews Chauke for his weekly “ShapeShifter” feature.
He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.
The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.
Forcaster, Kumsa Masizana says a cut-off low resulting throughout most parts of the country.
It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!
Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.
Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.
The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.
What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.