Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on June 24, 2015, 02:21:08 PM

Title: Uchumi's Ciano fleeced taxpayers and nse investor
Post by: RV Pundit on June 24, 2015, 02:21:08 PM

What is role of auditors..esp the big 5 (PWCs?)
http://www.businessdailyafrica.com/How-Uchumi-used-property-valuation-to-inflate-profits/-/539552/2763060/-/hm63cv/-/index.html

Title: Re: Uchumi's Ciano fleeced taxpayers and nse investor
Post by: Omollo on June 24, 2015, 02:46:10 PM

Quote from: RV Pundit on June 24, 2015, 02:21:08 PM

What is role of auditors..esp the big 5 (PWCs?)
http://www.businessdailyafrica.com/How-Uchumi-used-property-valuation-to-inflate-profits/-/539552/2763060/-/hm63cv/-/index.html

Isn't this criminal? It is becoming an epidemic. It accounts for my total lack of appetite for anything linked with NSE.

Title: Re: Uchumi's Ciano fleeced taxpayers and nse investor
Post by: Georgesoros on June 24, 2015, 03:00:08 PM

NSE does not audit their accounts to ensure compliance?