Table 1.

Companies used as the sample selection starting point with known issues

Client company nameICB industry Sub-sectorYear-End date affected (analysed as issue year)Description of SENS indicating an issue
EOHComputer services31 July 2019SENS 19 February 2019: Forensic investigation into suspicious payments
Tongaat hulettFood products31 March 2018SENS 8 March 2019: Forensic investigation into financial reporting practices for 2018 year-end
OceanaFarming, fishing, plantations30 September 2021SENS 29 October 2021: Investigations into uncertain accounting treatment of subsidiary and conflicts of interest
SteinhoffFood retailers and wholesalers30 September 2017SENS 4 December 2017: The audit report was postponed due to criminal and tax investigations in Germany
Delta propertiesIndustrial and office REITs28 February 2020SENS 21 September 2020: Procurement irregularities and the misappropriation of funds by senior executives
SparBroadline retailers30 September 2022SENS 9 December 2022: Allegations of fictitious and fraudulent loan
Source(s): Authors’ own work
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