PKF, the UK’s ninth largest accountancy firm, has been hired by South Sudan
as part of a corruption investigation.
Times, Murray Ross, a partner at PKF, said that the three-year deal would be
worth about $8 million (£3.9 million) and will be funded by the World Bank.
Barnabas Majok, the region’s auditor-general, is investigating how $500m of
reserves for the semi-autonomous oil-rich region, formed after a peace deal in
2005, was spent without parliamentary approval last year.
An investigation by South Sudan’s Anti-Corruption Commission in June found
‘dramatic over-expenditure’ in the government. According to Majok, South Sudan’s
Ministry of Finance was operating without procedures and there were incidences
of some ministries contracting more than their budget allowed.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure