And an audit cannot takeaway those responsibilities. Now, we do know that auditors are...
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And an audit cannot take
away those responsibilities. Now, we do know that auditors are also
not responsible for detecting fraud, but the standards
require that the auditors do develop procedures to
discover fraud if it does exist. There was a lot of information in the
public domain that would've alerted me to ask more questions, to be sceptical about some of the
alleged shenanigans at Steinhoff
away those responsibilities. Now, we do know that auditors are also
not responsible for detecting fraud, but the standards
require that the auditors do develop procedures to
discover fraud if it does exist. There was a lot of information in the
public domain that would've alerted me to ask more questions, to be sceptical about some of the
alleged shenanigans at Steinhoff
Full Transcript
00:00:01.000 --> 00:00:04.797
And an audit cannot take
away those responsibilities.
00:00:04.798 --> 00:00:09.358
Now, we do know that auditors are also
not responsible for detecting fraud,
00:00:09.359 --> 00:00:12.638
but the standards
require that the auditors
00:00:12.639 --> 00:00:16.679
do develop procedures to
discover fraud if it does exist.
00:00:17.238 --> 00:00:21.797
There was a lot of information in the
public domain that would've alerted me
00:00:21.798 --> 00:00:23.797
to ask more questions,
00:00:23.798 --> 00:00:29.758
to be sceptical about some of the
alleged shenanigans at Steinhoff.
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Movie Summary
The biggest corporate scandal in South African history, the fall of Steinhoff led to a loss of R200 billion. Steinheist untangles the story: the investors who were taken in; the victims and the CEO, Markus Jooste, who's still a fr...
