South Sudan turns to PKF
Mid-tier accountants called in to investigate $500m corruption scandal
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.