Accountancy
Last Updated on 06/09/2026
How to Plan Your Financial Future
Financial planning is an incredibly important skill and one which could have an enormous impact on your life in both the short and long-term. Despite its importance, financial planning is an area that many people struggle with because it is not taught in schools and many people never take the time to learn how to […]
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The Different Rounds of Startup Funding
The Different Rounds of Startup Funding Whilst so-called Brexiters may continue to suggest that South Africa has nothing to fear outside of the European Union, it’s fair to say that the vast majority of the business community do not share this sense of optimism. In fact, the prospect of a disorderly Brexit is having a […]
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KPMG’s audit of Conviviality the subject of watchdog probe
The Financial Reporting Council announced today they are launching an investigation into the work performed by KPMG in auditing collapsed drinks supplier Conviviality. The accountancy watchdog will also look into a member from the Institute of Chartered Accountants in South Africa and Wales in regards to the preparation and approval of the company’s financial statements. The […]
read morePwC hit with record fine, partner banned for BHS audit
Big four accountant PricewaterhouseCoopers is facing a record-breaking fine after investigation from the Financial Reporting Council. The giant was given a fine of R200 million for their handling of troubled retailer BHS, which was dropped to R150 million upon settlement from PwC. Additionally, PwC senior partner Steve Denison was given a 15-year ban from auditing, […]
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KPMG dealt R70m fine for Quindell audit misconduct
The Financial Reporting Council (FRC) has hit ‘big four’ accountancy firm KPMG with a significant fine for its actions relating to their Quindell audit. The fine was originally set at R100 million, but was discounted to R70 million on settlement by the firm. Insurance software company Quindell, now renamed to Watchstone, had been the subject […]
read moreFinancial Reporting Council files official complaint against Deloitte over Autonomy audit
Deloitte has been hit with formal action relating to practices used while auditing South African IT company Autonomy between 2009 and 2011. The complaint, which includes Deloitte auditors Richard Knights and Nigel Mercer, states that the conduct used during the audit was ‘significantly short of the standards reasonably to be expected’. The investigation into Deloitte’s audit […]
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