Repository logo

Masters Degrees (Accounting)

Permanent URI for this collectionhttps://hdl.handle.net/10413/6934

Browse

Browsing Masters Degrees (Accounting) by SDG "SDG8"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    A qualitative analysis of auditors' responsibility in South African corporate scandals.
    (2023) Govender, Kenthran.; Lathleiff, Charmaine.
    For time immemorial, the audit profession has faced backlash from the users of the annual financial statements (AFS) for not doing enough. The calls for the auditor to do more come at times when the entities being audited go into liquidation, business rescue or become corporate failures and these entities were audited with no issues being detected and reported to the users in the audit report. This resulted in financial losses to the users of the AFS who made economic decisions based on the AFS that were audited. The response by auditors is often that it is not their job to prevent corporate scandals or to detect fraud. The role of the auditor in contributing to the corporate scandals not being detected and reported was explored in this study. This study employed a qualitative document analysis approach to analyse the contents of documents relating to the performance of the audit on corporate scandals that occurred in South Africa since 2000 and for which information on the performance of the audit was publicly available. A total of three corporate scandals were explored to determine the contribution of the auditor to the corporate scandal not being detected and reported. A self-developed index was used to categorise the findings into the standard of audit work performed to answer the research questions and achieve the research objectives. It was found that in all three corporate scandals that were analysed, an inappropriate audit opinion was issued and therefore, an audit failure existed. Further, it was found that the audit partner was not independent and detected the material misstatements in the AFS but failed to report the misstatements in the audit report in all three instances. This study sought to provide an understanding of the contribution of the auditor to the corporate scandal. This study provided insight to the role of the auditor in not detecting and preventing corporate scandals and specifically where the problem lies. To the best of the author's knowledge, this study was the first study that explored the contribution of the auditor to corporate scandals not being detected and reported. Future research could explore the role of auditors in more corporate scandals as more information becomes available as well as exploring the role of auditors in corporate scandals in other countries.
  • Thumbnail Image
    Item
    Investigating South Africa’s exposure to potential currency crises.
    (2025) Hadebe , Ntokozo Thabiso.; Nyati , Malibongwe Cyprian.; Msomi , Simiso Sinqumo Sanele Gary.
    This study investigates South Africa's potential exposure to currency crises, aiming to identify effective economic indicators for anticipating such crises. Using annual data from 1994 to 2020, a probit model analysis and the Market Turbulence Index (MTI) are employed to facilitate this investigation. The results suggest that none of the 10 variables identified in empirical literature have predictive power in the South African context. The insignificant findings can be attributed to data frequency restrictions, as annual data was used instead of daily, weekly, or monthly data due to limited public access to monthly statistics. The study concludes that the modelling approach employed may not be helpful for policymakers and central banks in predicting currency crises in South Africa. However, the use of higher frequency data and additional variables, such as political instability, may improve the significance and predictability of currency crises. Despite the insignificant results, the study highlights the potential adoption of the MTI in identifying crisis thresholds. With higher frequency data and more influential variables, this study can contribute significantly to the literature, particularly in a country like South Africa with a volatile economic climate.