To report or not to report
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | To report or not to report | |
| Creator | Maroun, Warren Wainer, Harvey | |
| Description | Whistle-blowing can play an important role in enhancing the effectiveness of corporate governance processes. In particular, legislation mandating that auditors blow the whistle on their clients transgressions can assist in overcoming agency-related costs and improve confidence in external audit. This is, however, only the case if regulatory reform enjoys cohesion. The Companies Act No. 71 of 2008, by introducing a definition of reportable irregularities different from that in the Auditing Profession Act No. 26 of 2005 (APA); excluding independent reviews from the scope of APA; and effectively exempting the majority of South African companies from the requirement either to be audited or reviewed, may materially undermine whistle-blowing by auditors in South Africa. In turn, this begs the question: for how long will South Africa rank first globally for the quality of its auditing practices? | |
| Publisher | AOSIS Publishing | |
| Date | 2013-02-26 | |
| Identifier | 10.4102/sajems.v16i1.332 | |
| Source | South African Journal of Economic and Management Sciences; Vol 16, No 1 (2013); 13-25 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/332/220
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