PwC

24 Feb

PwC not off the hook – PAAB . . . as firm drops August 26

ObserverObserver MoneyAugust 26, PAAB, PwC, PwC Namibia

Maria Hamutenya The Public Accounts and Auditor’s Board (PAAB) maintains that PwC Namibia is not off the hook over allegations made against it that it deliberately overlooked anomalies found during its audit of August 26. This is despite the international firm resigning recently as the auditor of August 26. “The resignation of an auditor does not impact the investigations into alleged misconduct with regards to August 26. Investigations will be done as long as the alleged misconduct occurred during the time when the registered and licenced auditor was in office,” PAAB Head of Secretariat, Zaa Nashandi, told Windhoek Observer. Whether…

PAAB investigates PwC

ObserverObserver MoneyAffirmative Repositioning (AR), Public Accounts and Auditor’s Board (PAAB), PwC

Andrew Kathindi The Public Accounts and Auditor’s Board (PAAB) has confirmed that it has instituted an investigation into allegations raised against auditing firm PwC by Affirmative Repositioning (AR) leader and Windhoek mayor, Job Amupanda. Amupanda accused August 26, a holding company owned by the Ministry of Defense, of transferring N$200 million from the Defence Ministry account, an action which he alleges to be unlawful but was not flagged by PwC which conducted its audit. “Where such an investigation is complete and finds the registered auditor guilty, the PAAB may take disciplinary action against the guilty auditor. The disciplinary actions range…