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Staff of Gupta-linked auditor Nkonki fight liquidation

Employees of the audit firm want it to be put into administration not liquidation.

Employees at South African audit firm Nkonki Inc. applied to a Pretoria court to block the company’s liquidation and have it put into administration instead so there’s a chance the business can be rescued, according to a court filing.

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Smart suit, smart tie, big smile. He certainly doesn’t look concerned. Big money already been made?

Let me get this straight: the employees of an auditing firm, which would mainly employ auditors/accountants and people already graduated and in the process towards becoming same, did not understand the implications of a liquidation process? Makes one wonder about the training and skills and awareness beyond the narrow band of what was studied in the accountacy and auditing textbooks; and raise a question mark about competency in the industry.

Pen pushers who work off a checklist, unable to see beyond their noses.

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