Pule Mothibe says he accepts that PwC and Nkonki's audit opinions would be incorrect if these steps were not completed.
Pule Mothibe says he accepts that PwC and Nkonki’s audit opinions would be incorrect if these steps were not completed.
“We did not complete the final step hence the concession we made in that supplementary statement [submitted to the commission],” Mothibe told Zondo. He accepted that the audit opinions would be incorrect if these issues were not included in the audit reports. In the 2012/2013 financial year, the PwC and Nkonki auditing contract at SAA was extended, costing around R16 million, however, the procurement processes to appoint the firms had only been followed in the previous financial year, the commission heard.
Hofmeyr told the commission that this irregular expenditure which was not disclosed in SAA’s financial statements from 2013 to 2016 amounts to about R69 760 888.
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