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From R200 000 to R15 million - finance minister wants big hikes in auditor fines

Published: June 19, 2023

A recent proposal calls for maximum fines of R10 million for individual auditors, or R25 million for the firms that employ them.

Source: news24.com

Related Topics:

South AfricaImre NagyWebber WentzelEnoch GodongwanaMatt WilliamsTongaat HulettEnforcement CommitteeSteinhoff InternationalDisciplinary CommitteeMutual BankMinister Enoch GodongwanaIndependent Regulatory BoardAuditing Professions ActGovernment GazetteKim Rew

Auditors still prohibited from tenure over five years

Published: June 12, 2023

Audit firms are however no longer obliged to rotate after 10 years.

Source: moneyweb.co.za

Related Topics:

South AfricaEast RandSouth AfricanImre NagyWebber WentzelBryan HopkinsJari CernyMatt WilliamsConstitutional CourtPretoria High CourtSupreme CourtCompanies ActIndependent Regulatory BoardEast Rand Member DistrictChartered AccountantsAuditing Professions ActKim Rew