Behind the tempting window displays, the financials at Patisserie Valerie were going sour.
Following collapses like cake shop chain Patisserie Valerie, the UK government is trying to toughen up the rules around financial reporting.
The late Kimi Makwetu was mortified by the extent of corruption.
Kimi Makwetu embodied the values of integrity, selflessness, humility and hard work. He steadfastly believed in the South African constitution.
South Africa’s Auditor General Kimi Makwetu says most municipalities in the country are dysfunctional.
Nearly a third of South Africa’s municipalities are not financially viable.
Recounting very close races is not enough to ensure election integrity.
AP Photo/Ben Finley
The best way to protect elections is to plan and prepare for an audit of the results after the votes are cast.
KPMG South Africa stands accused of advancing state capture and has come under immense pressure.
KPMG South Africa sets a potential example of how shareholders can attack the soft underbelly of private sector state capture enablers.
KPMG South Africa executives have set a new benchmark for the country assuming responsibility for wrongdoing in their organisation.
The right questions and planning can help universities to mitigate risk.
Risk has to do with uncertainty; people struggle to conceptualise and manage that which they’re unsure about. This is true in the higher education sector, too.
The IRS is friendlier than you think.
Tax form via www.shutterstock.com
Million of taxpayers receive notices from the IRS about unpaid tax debts. Believe it or not, the agency understands.
In the spotlight.
A much-delayed report into the collapse of HBOS paints a picture of risk-taking by the bank’s board.
A little transparency goes a long way.
Audit glass via www.shutterstock.com
A plan to disclose the names of corporate auditors has its flaws, but it comes with a rule that will help investors determine how well a company is being audited.
But who will audit the auditors?
What should we do with producers who routinely deliver faulty goods and services? Producers of cars, food, medicines, aeroplanes and even financial products are forced to compensate injured parties, recall…
The audit profession has been blamed for contributing to major corporate collapses, the global financial crisis and most recently, the Greek debt crisis.
The audit profession has received consistently bad press in recent years. Audit independence, or rather the lack of it, has been blamed as a contributing factor in some of the major corporate collapses…
People naturally develop relationships, so is it possible to eliminate bias in professional settings?
Media commentators, regulators, and the judiciary continually express their concerns over the independence of auditors and other accounting professionals when they prepare expert reports. Typically, this…