Tag: Institute of Chartered Accountants Ghana
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Gov’t expenditure needs to be checked to help deal with inflation – ICAG
The Institute of Chartered Accountants Ghana is calling for fiscal discipline amidst the current high inflation and policy rate. Some stakeholders have blamed unbudgeted spending by government Ministries, Departments and Agencies (MDA’s) for contributing to the high level of inflation in the country. Since May 2021, when national inflation stood at 7.5%, the rate has…
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ICAG to use GH¢2.2 million fine for capacity building
The Institute of Chartered Accountants Ghana has told Citi Business News that it will use the GH¢2.2 million fine to build capacity for the four sanctioned auditing firms and the industry as a whole. The ICAG fined Deloitte & Touche, PKF Chartered Accountants, J. Mills Lamptey & Co., Morrison & Associate up to the tune…
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Why Deloitte & Touche were fined heavily by ICAG over audits of collapsed banks
On Tuesday, September 3, 2019, the Institute of Chartered Accountant, Ghana fined some four audit firms for some unprofessional practices in their audit of the books of some five banks that were collapsed by the central bank. The four auditing companies were Deloitte & Touche, PKF Chartered Accountants, J. Mills Lamptey & Co. and Morrison…
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Four audit companies sanctioned over banks collapse — Member of Big 4 included
The Institute of Chartered Accountants, Ghana (ICAG) has sanctioned three local auditing firms and a foreign one for non-compliance with auditing standards in the collapse of seven banks, Citi News has gathered. The sanctions come after the Professional Standards and Ethics Committee of the Institute investigated the roles of the auditors of seven local banks…