Menu

South African regulator probing Steinhoff auditors to continue investigation

Featured

Steinhoff - [Google Images] Steinhoff - [Google Images]

South Africa's Independent Regulatory Board for Auditors (IRBA) said on Sunday that following its initial review of Steinhoff's auditors Deloitte South Africa it would pursue further lines of investigation.

The IRBA said in December 2017 it would investigate Steinhoff's auditor following the retail group's disclosure of accounting irregularities.

Steinhoff, whose more than 40 brands include Britain's Poundland, revealed accounting irregularities in December.

"The Steinhoff case is a multifaceted one which will require significant investigation. Nevertheless, our initial review of the audit files has identified some lines of further investigation which we are pursuing," the IRBA said in a statement. It did not give further details.

 


 

Source

BusinessInsider

back to top

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT Texton buys R205m property portfolio - https://t.co/hL8Fh9dp7U https://t.co/7BpLS1rCGt
12mreplyretweetfavorite
BusinessNewsCT Cape Town gets first desalinated water as dam levels drop again - https://t.co/2Wralsi699 https://t.co/rWRCD1BAcM
14mreplyretweetfavorite