Huge hikes in auditor fines may deal body blow to already shrinking profession, experts warn | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

Canada News News

Experts warn that massive new fines for auditors found guilty of misconduct could have unintended consequences, including wiping out the lower and independent tiers of the profession. | News24_Business

Drastically increasing the maximum punitive fines that can be levied against auditors for misconduct in the execution of their duties could wipe out the lower and independent tiers of the auditing industry, ultimately

shrinking the profession.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

All Mashatile's men: the advisors behind the scenes | BusinessDeputy President Paul Mashatile is a newcomer to the West Wing of the Union Buildings. politicsblahbla looks at who he brought with him.
Source: News24 - 🏆 4. / 80 Read more »

Khaya Sithole | Regulating rogues – the watchdog's eternal dilemma | BusinessOPINION | While it's necessary to increase penalties for errant auditors to deter misconduct and ultimately strengthen the industry, steeper fines present a fresh set of challenges in terms of implementation, says CoruscaKhaya.
Source: News24 - 🏆 4. / 80 Read more »

Fate of community health workers uncertain amid battle over minimum wage, working conditions | BusinessGovernment is looking at setting a minimum wage and working conditions for community health workers - this as rolling out NHI will rely heavily on well-trained CHW teams to deliver primary healthcare in areas with poor access to clinics or hospitals.
Source: News24 - 🏆 4. / 80 Read more »