Audit & Assurance

September 15, 2021

The auditing profession – Where to next?

Our views in this article are to large extent based on our involvement in high-profile cases involving the prosecution of professional misconduct allegations levelled against auditors Several auditing and accounting scandals in recent years − most notably in relation to African Bank, Steinhoff and Tongaat Hulett − undoubtedly had a […]
May 12, 2021

Audit and an Evolving Financial Reporting Ecosystem

The debate about responsible reporting has not been sidelined by the Covid-19 pandemic. In fact, the future of audit, and how it should adapt to changing stakeholder demands, has only grown in importance as financial reporting ecosystem participants consider how to deliver reporting that provides insights for businesses and investors to recover and thrive.
April 27, 2021

5 key areas to test when building an effective external audit plan

Auditors today are working in an exceptionally complex and ever-evolving industry. In an environment where there is pressure to add more value with fewer people and less time, auditors are challenged to discover more risks, audit more areas, more frequently, and uncover fraud for their clients.
April 7, 2021

Auditing Profession in Peril

If the audit profession in South Africa is serious about restoring trust it will need to reassert the primacy of professional scepticism and independence. There needs to be a balance between radical thinking and practical solutions. Greater clarity and transparency in the profession will ultimately result in a regime that allows auditors to better assess, assure and inform. Only then can real change come about.