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State capture inquiry: PwC admits mistake in not saying SAA had not complied with public finance act

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PwC auditor, Pule Mothibe, has conceded that the company misled the public by omitting to state in its audit report that SAA had not complied with the Public Finance Management Act (PFMA).

He conceded to a statement that without the files they were not able to complete all the necessary steps in the audit.

“We considered all the evidence provided for audit purposes and applied judgment and at that stage, our view was that there was no material non-compliance,” Mothibe told the commission.“We should have mentioned the non-compliance with the PFMA,” he said.

 

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