CAS1501
ASSIGNMENT 6
ANSWERS SEMESTER
1 2024
CAS1501 ASSIGNMENT 6 ANSWERS
SEMESTER 1 2024
, CAS1501 ASSIGNMENT 6
SEMESTER 1 ANSWERS 2024
B1.1.2 In 2018, VBS was declared insolvent and bankrupt.
B1.1.3 The wider consequence to others mentioned in the article have been the
widespread impoverishment of its depositors to the benefit of its senior managers,
politicians, and some board members.
B1.2.1 Dumisani Tshuma
B1.2.2 Sipho Malaba
B1.2.3 Tshuma and Malaba were both partners at KPMG and were involved in a
facility granted to Betanologix where their wives were directors. Malaba was a
member of the VBS audit team and the engagement partner, while Tshuma failed to
disclose his interest in VBS and was found guilty of misconduct.
B1.2.4 Malaba was a member of the VBS audit team and also the engagement
partner.
B1.2.5 The first key role of Malaba was as a member of the VBS audit team.
B1.2.6 The second key role of Malaba was as the engagement partner.
ASSIGNMENT 6
ANSWERS SEMESTER
1 2024
CAS1501 ASSIGNMENT 6 ANSWERS
SEMESTER 1 2024
, CAS1501 ASSIGNMENT 6
SEMESTER 1 ANSWERS 2024
B1.1.2 In 2018, VBS was declared insolvent and bankrupt.
B1.1.3 The wider consequence to others mentioned in the article have been the
widespread impoverishment of its depositors to the benefit of its senior managers,
politicians, and some board members.
B1.2.1 Dumisani Tshuma
B1.2.2 Sipho Malaba
B1.2.3 Tshuma and Malaba were both partners at KPMG and were involved in a
facility granted to Betanologix where their wives were directors. Malaba was a
member of the VBS audit team and the engagement partner, while Tshuma failed to
disclose his interest in VBS and was found guilty of misconduct.
B1.2.4 Malaba was a member of the VBS audit team and also the engagement
partner.
B1.2.5 The first key role of Malaba was as a member of the VBS audit team.
B1.2.6 The second key role of Malaba was as the engagement partner.
