State capture report slams PWC for failing to identify corruption during SAA looting spree - News Summed Up

State capture report slams PWC for failing to identify corruption during SAA looting spree


The first part of the State Capture Inquiry report has critised PWC for failing to identify fraud and corruption at SAA. During this period they gave SAA clean audits, despite the report finding that the airline was "racked by corruption and fraud". The State Capture Inquiry report has slammed SAA's former auditor PWC for failing in its duty as a watchdog institution when it audited the books of the flag carrier between 2012 and 2016. In the 2016/2017 financial year, the airline's audit was taken over by the office of the Auditor General. The AG changed the airline's audit outcome from clean to a qualified audit with findings.


Source: News 24 January 07, 2022 11:12 UTC



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