CAS1501 ASSIGNMENT 6 ANSWERS SEMESTER 1 2024

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.