Deloitte Consulting was a different entity to auditing unit, says utility of five-year contract
Two years ago Eskom was suing Deloitte for R207m to recover inflated consulting fees paid to the global accounting and auditing firm’s consulting arm, which the state utility alleged was the result of"pure corruption". On Thursday Eskom announced it has awarded Deloitte a five-year auditing contract.
In a tersely worded statement released on Sens, the utility said it had appointed Deloitte as its external auditor as of November 2 to replace Grant Thornton, whose contract expires at the end of this month...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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