A neighbor of yours Magwaza, a manager from KMG chartered Accountants recent became aware that you are
Question:
A neighbor of yours Magwaza, a manager from KMG chartered Accountants recent became aware that you are a Bachelor of Commerce Honors’ Accounting student. Magwaza holds you in high esteem after hearing about your professionalism and diligence during your industrial attachment period at one of the Accounting firms in the City. She has been disturbed by the recent allegations of misappropriation of funds in parastatals including at the power utility ZESA, and the NSSA. As an auditor she worried that accountants in the country are not adequately protected to report irregularities they come across as they perform their work unlike in other jurisdictions, for example reportable irregularity in South Africa. She has requested for your advice on possible recommendations that can be made to PAAB in terms of possible legislation to assist accountants and auditors to be effective and relevant taking into account developments in other jurisdictions.