Discussion | Call for regulation of accountants

JOHANNESBURG - There’s been a call for the accounting profession to be independently regulated in the same way as the auditing sector.

The Independent Regulatory Board for Auditors is believed to have made the call.

Regulation would help the accounting profession avoid pitfalls similar to the Markus Jooste one.

 The former Steinhoff CEO is accused of masterminding an intricate web of accounting irregularities that nearly sank the multinational retail group.

Is regulation the way to go?

eNCA spoke to Patricia Stock, the CEO of the South African Institute for Chartered Accountants.