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2 days ago

10 African startups that rocked 2014

More and more entrepreneurs turned their attention to building businesses that can solve the continent's problems and provide services it has long awaited.

Enterprises emerged to fix problems in payments, traffic and talent, while more entrepreneurs raised more money from investors than ever before.

Here, in no particular order are 10 of the most exciting young companies of the year.

The list includes the startups I consider to have the most potential, to be the most viable -- not necessarily the most popular or hyped.

Where: Kenya

In a nutshell: Uber-style motorbike delivery service.

What's unique: Africa has delivery services and courier servi

3 days ago

The News - 07.22.2010

Lots of people despise the term "teachable moment" and I can understand why. A lot of the time, the phrase is invoked as a way of saying, "Hey, isn't the good news that all of you now have this awesome opportunity to learn from the monumental mistake I've just made?" Nevertheless, the Shirley-Sherrod-fiasco-as-teachable-moment idea came up at yesterday's White House press briefing with White House Press Secretary Robert Gibbs, so let's get into it.

5 days ago

10 Scandals That Rocked the Accounting World

Tyco International - an international manufacturing company with diversified product lines (safety products, fire protection, electrical products, to name a few). The fraud actually involved misuse of the company's funds by its former CEO and CFO. They utilized improper accounting practices to cover up the misuse of these funds.

Health South Corporation - used to be a leading healthcare service provider based in Alabama, the company took a beating in 2003 when it was exposed that the company inflated its revenues by $1.4 billion. The inflation of revenues was worse in certain years, going as high as 4,700%. The reason? To meet the expectations of the company's investors.

Bernard L. Madoff Investment Scandal - this perpetrated the Ponzi scheme that robbed millions of people of their hard-earned money. It is acclaimed as the largest investment fraud ever committed by an individual. The scandal here is not in Madoff, himself (although he would have engaged in improper accounting practices to hide the fraudulent scheme), but on how such scheme escaped the watchful eyes of the auditors and the regulators. Although Madoff has already pleaded guilty to such charges, the investigations on the involvement of other people and how regulators failed to detect the scheme are still ongoing. The amount of fraud? Estimated to be around $10 billion to $17 billion.

AIG - one of the foremost insurance company in the US and is one of the recipients of the bailouts from the US Government. The (accounting) scandal (among others) here involved the inflation of the company's net worth by $2.7 billion.

Satyam Computer Services - a company based in India (now known as Mahindra Satyam). This is the most recent scandal (declared only in 2009) among those on this list. The accounting fraud in this case involves overstating cash ($1.5 billion) and receivables by $100 million and understating liabilities by $250 million. Taken together, Satyam's assets were inflated by about $1.85 billion.

6 days ago

International News | World News


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1 week ago

Two Day World-Class Risk-Based Internal Audit Course (Johannesburg, South Africa - February 8-9-10, 2017) - Research and Markets

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World-Class

Risk-Based Internal Audit" conference to their offering.

The increasing level of fraud losses around the globe despite the use of

many combinations of the latest tools, technologies and risk mitigations

on policies and procedures is of growing concern. The latest PwC

Economic Crime Survey had highlighted that one in three organizations

reported being victimized by economic & cybercrimes. As a matter of

fact, PWC data shows that data security and privacy breaches can cost a

company dearly in financial losses and market reputation, that's why the

internal audit func on needs to stay ahead of the threat curve. Adapting

to these changes brought on by technology is a growing challenge for

internal audit.

The role of today's Internal Auditor is evolving and changing rapidly

from an independent, objective and assurance role into being a trusted

advisor and consultant role. The company key stakeholders consult with

Internal Auditors to help them accomplish its business objectives by

utilizing a systematic & disciplined approach to evaluate and improve

the effectiveness of risk management, control & governance process. So,

it is crucial that the Internal Auditors are equipped with the latest

tools & strategies to be capable to understand and mitigate the threats

of the 21st century.

Our 3-day intensive Masterclass on World-class Internal Audit is

designed to equip internal audit professionals with the latest industry

best practices in managing the fast changing internal audit environment.

They will learn the modern approach to audit and how internal audit can

provide assurance on the effectiveness of risk management and control

activity in organizations and determine opportunities and improvements

that can benefit organizational performance.

Outcome Of The Masterclass:

By the end of this intensive 3-day masterclass, delegates will be able


- Define the concepts of governance, risk management, control and


- Identify the needs of a modern internal audit function on working to

recognize international standards

- Define integrated assurance and how to develop world-class strategies

for the audit function

- Implement world-class best practices of risk-based auditing

- Design and establish a quality assurance and continuous improvement

framework for Internal Audit

Unrivalled Course Benefits:

- Understand the evolving internal audit culture and its role with the

increasing global economic crime

- Enhance your knowledge in cybersecurity risk and how to integrate it

in you riskbased auditing framework

- Master the latest best practices, tools and techniques on Risk Based

Internal Auditing

- Fully implement a risk-based audit approach

- Meet governance challenges

- Develop and carry out risk assessment and audit plans for the


- Assist management to Identify, mitigate and control of risks

- Determine clear audit priorities using a world-renowned strategic

planning tool

- Plan risk based assignments effeciently and effectively

- Build a strong understanding in risk management frameworks

For more information about this conference visit

2 weeks ago

Officials Hid AIDS Drug Dangers

Weeks before President Bush announced a plan to protect African babies from AIDS, top U.S. health officials were warned that research on the key drug was flawed and may have underreported thousands of severe reactions including deaths, government documents show.

The 2002 warnings about the drug, nevirapine, were serious enough to suspend testing for more than a year, let Uganda's government know of the dangers and prompt the drug's maker to pull its request for permission to use the medicine to protect newborns in the United States.

But the National Institutes of Health, the government's premiere health research agency, chose not to inform the White House as it scrambled to kee

2 weeks ago

Auditors Jobs, vacancies in East Rand, Gauteng |

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