Independent Regulator Body for Auditors CEO Imre Nagy says the body will hold auditors accountable as best it can, but the entire ecosystem needs more accountability.
Allowing the Independent Regulator Body for Auditors to fine errant auditors and audit firms up to R25m is a “powerful weapon” in its armoury, says the board's CEO Imre Nagy. However, it won't stop corporate scandals unless other roleplayers and law-enforcement agencies come to the party, he adds...From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
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