SAICA to conduct investigation into members implicated in VBS Bank looting

The South African Institute of Chartered Accountants (SAICA) has issued a statement saying that it will be taking disciplinary action against eight of its members who are implicated in the VBS Mutual Bank saga.

Willie Coates, Saica Senior Executive for Brand, says Saica has noted the contents of the South African Reserve Bank forensic report, and investigations will be conducted on members implicated in the report.

Read: 'I hope the EFF leaders are listening, what's happening is disappointing'

At this point in time, it will be an investigation rather than a disciplinary process. The report will be used as input to Saica's investigation.

Willie Coates, Saica Senior Executive for Brand

Coates says the organisation is not only investigating members implicated on the VBS Bank but in other cases as well.

Currently, we have about 265 cases that are under investigation and going through disciplinary processes.

Willie Coates, Saica Senior Executive for Brand

Saica takes these matters very seriously and will put all the cases through a proper investigative process and make sure where members have transgressed they will be held accountable.

Willie Coates, Saica Senior Executive for Brand

To hear the rest of the conversation with Willie Coates, listen below:


Recommended

by NEWSROOM AI
Read More
ANC Limpopo to probe municipalities processes in depositing to VBS

ANC Limpopo to probe municipalities processes in depositing to VBS

ANC's Phuti Seloba says the probe's findings will determine what actions be taken against the officials implicated in the matter.

'I hope the EFF leaders are listening, what's happening is dissapointing'

'I hope the EFF leaders are listening, what's happening is dissapointing'

Callers on The Eusebius McKaiser Show share their views on the scandal relating to VBS Mutual Bank.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.

ANC Limpopo postpones PEC meeting amid VBS fraud allegations

ANC Limpopo postpones PEC meeting amid VBS fraud allegations

The provincial executive committee was expected to meet on Thursday night.

Does SAICA have any credibility left amid fraud scandals?

Does SAICA have any credibility left amid fraud scandals?

Eusebius McKaiser and his panel get to grips with the state of chartered accountants in SA and related corruption scandals.

Anoj Singh should be charged criminally for corruption - FM Deputy Editor

Anoj Singh should be charged criminally for corruption - FM Deputy Editor

Deputy Editor at Financial Mail Sikonathi Mantshantsha says SAICA is pretending to be working by announcing charges against Anoj Singh

Saica says Anoj Singh has brought accountancy into disrepute

Saica says Anoj Singh has brought accountancy into disrepute

The institute has charged Eskom's former CFO with misconduct.

#StateCaptureInquiry: 'Some members of the investigative team must be witnesses'

#StateCaptureInquiry: 'Some members of the investigative team must be witnesses'

The Economic Freedom Fighters insists Dr. Terence Nombembe be called as a witness in the commission of inquiry.

Popular articles
News24 exposes how big SA corporates are funding fake news

News24 exposes how big SA corporates are funding fake news

A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.

Zille open to renaming Robben Island swim after 'nation-builder' Theo Yach

Zille open to renaming Robben Island swim after 'nation-builder' Theo Yach

Premier Helen Zille describes Yach as one of the most generous, warm, open-hearted and community-driven people she's ever known.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

[WATCH] Man exposes people selling stolen goods on Facebook

[WATCH] Man exposes people selling stolen goods on Facebook

Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.