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Steinhoff overstated profits for several years - PwC investigationIn February, Steinhoff reported a slight rise in quarterly sales and said its business was still suffering from the effects of accounting fraud. CEO, CFO and all other directors, together with the audit firm, need to be criminally prosecuted for this! Board of Directors remained complicit all those years and drew salaries and perks and forgot their feduciary responsibilities. They must all account.
Source: ewnupdates - 🏆 30. / 53 Read more »
Steinhoff executives inflated profits by more than R100bn, PwC findsThe 18-month forensic probe found that the retail group inflated its profits by R6.5bn from 2009 to 2017 Tjo so what kind of capture is this. Sowetan or PWC come up with a term. We had a bank great hghst and state capture now this we call it what?
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Steinhoff executives inflated profits by more than R100bn, PwC findsThe 18-month forensic probe found that the retail group inflated its profits by R6.5bn from 2009 to 2017 Every one of them should be in orange overalls.The same goes for our looting politicians including cabinet ministers that we can all name. As Nike says “Just Do It” And the auditors did not pick it up? Why are the executives not jailed by now, take everything they and sell and give back to shareholders
Source: BDliveSA - 🏆 12. / 63 Read more »
PWC report lifts Steinhoff stock in FrankfurtThe PwC report's €6.5bn worth of fictitious transactions is significantly below the €12.4bn tagged by management in 2018, says analyst
Source: BDliveSA - 🏆 12. / 63 Read more »
Steinhoff shares jump on PwC reportThe report shows that about €6.5bn worth of fictitious transactions between 2009 and 2017 inflated the group’s profits and asset value
Source: BDliveSA - 🏆 12. / 63 Read more »
Pepkor gets some much-needed relief from Steinhoff contagionPwC investigation finds the retailer did not benefit from any of the dubious transactions investigated
Source: BDliveSA - 🏆 12. / 63 Read more »
How cabal cooked Steinhoff booksPwC report says inner circle of senior managers inflated income by R100bn Which Cabal? Who were the external auditors? What action is being taken against them? IRBA_ Will they be held accountable? No!
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Steinhoff inflated profits by more than R100bnPwC was hired to conduct an independent forensic probe into Steinhoff in late 2017. Bastards!
Source: eNCA - 🏆 49. / 51 Read more »
Steinhoff inflated profits by more than R100bnPwC was hired to conduct an independent forensic probe into Steinhoff in late 2017. WMC So when are they going to jail and held accountable. godytee4
Source: eNCA - 🏆 49. / 51 Read more »
The top 5 things to know about the PwC report into Steinhoff and the questions that still remainSixteen months since its disgraced former CEO Markus Jooste resigned, Stellenbosch-headquartered global retail and furniture group Steinhoff published an 11-page overview of a forensic report by PricewaterhouseCoopers into the company's financials.
Source: News24 - 🏆 4. / 80 Read more »