SAICA’s progress with the recommendations of the Ntsebeza Inquiry Report

Marcelle Blignaut 0 0

Johannesburg, 24 June 2019 - The South African Institute of Chartered Accountants (SAICA) established the Ntsebeza Inquiry in November 2017 following wide-spread reports of wrongdoing by KMPG relating to the audit of Gupta companies and the SARS Report amongst others. KPMG audited the group of Gupta companies that were implicated in corruption. KPMG also conducted the forensic investigation into SARS that culminated in a discredited report that caused significant damage to SARS.

SAICA appoints new CEO

Marcelle Blignaut 0 0

Johannesburg, 31 January 2019 - The Board of the South African Institute of Chartered Accountants (SAICA) proudly announces the appointment of Mr. Freeman Nomvalo as the Institute’s new CEO. Dr. Terence Nombembe, the previous CEO’s term comes to an end on 31 January 2019.  Dr Nombembe has, from March 2018, been serving the country on secondment to the Zondo Commission of Inquiry into State Capture.

Should our confidence in financial reporting be shaken?

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Johannesburg, 15 December 2017 - South Africa has adopted International Financial Reporting Standards (IFRS). These are global financial reporting standards developed and approved by the International Accounting Standards Board (IASB), an international, independent private sector body. The IASB has a robust and transparent due process, detailed on its website, of how these standards are developed and approved.