# The Congress of South African Trade Unions has welcomed the permanent disbarment and ten-million-rand fine imposed on former Venda Building Society’s Mutual Bank auditor, Sipho Malaba, by the Independent Regulatory Board for Auditors. COSATU’s Matthew Parks says the action is long overdue, citing Malaba’s role in the VBS collapse. Parks calls for criminal prosecution, warning stronger audit reforms are needed to prevent future financial scandals affecting workers and pensioners:
COSATU welcomes VBS auditor Sipho Malaba disbarment, R10-million fine [SOUND]
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