{"id":976,"date":"2018-08-13T11:37:53","date_gmt":"2018-08-13T11:37:53","guid":{"rendered":"https:\/\/www.writersghana.com\/?p=976"},"modified":"2018-08-13T11:37:53","modified_gmt":"2018-08-13T11:37:53","slug":"searchlight-on-the-banking-scandal-part-3","status":"publish","type":"post","link":"https:\/\/writersghana.com\/index.php\/2018\/08\/13\/searchlight-on-the-banking-scandal-part-3\/","title":{"rendered":"SEARCHLIGHT ON THE BANKING SCANDAL- PART 3"},"content":{"rendered":"<p>By Isaac Ato MENSAH<\/p>\n<p>Accra- 13 August, 2018.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8216;KPMG gave a bank in South Africa a clean report only for the bank to collapse after four months.<\/p>\n<p>Where is IRS and GRA. We don&#8217;t even seem to talk about them.<\/p>\n<p>I doubt if EOCO [Economic and Organised Crimes Office] has the capacity to investigate this matter.&#8217;<\/p>\n<p>&#8211; EdgaWiredu, speaking on Unique FM 95.7MHz, Accra, via telephone at 9:50am, on Monday 13 August, 2018.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8216;What about Ernst and Young? When Enron and Worldcom collapsed, they [Ernst and Young] were fined and then they made an appeal.<\/p>\n<p>[On external auditors&#8217; reports prepared for banks which they submit to Bank of Ghana.]<\/p>\n<p>You said it conforms to IFRS [International Financial Reporting Standards] rules, it is true and fair, true and fair, and then you have this.<\/p>\n<p>You gave an award to a bank and then it collapsed. Taking a banking award in 2016 and then in 2017 it collapses- what kind of award?<\/p>\n<p>And then you give some people banker of the year, best CEO&#8230;&#8217;<\/p>\n<p>&#8211; Dr Richmond Atuahene, banking consultant, speaking on Unique FM 95.7MHz, Accra in the studio at 9:55am on Monday 13 August, 2018.<\/p>\n<p>The host was Cecil Nii Obodai Wentum.<\/p>\n<p>Writers and Shakespeares Ghana Limited, PR and integrated communications firm established to serve as a moral and intellectual guide to the practice of integrated communications is monitoring the debate.<\/p>\n<p>We are compiling questions for all those involved in the Ghana banking scandal.<\/p>\n<p>In our article titled Searchlight on the Banking Scandal- Part 1, we asked the analysers of the Ghana Banking Awards to own up and tell us why it has taken them so long to do so.<\/p>\n<p>This followed the statement by KPMG that it had not been involved as analysers of the Ghana Banking Awards since 2012.<\/p>\n<p>We stated in the said article that the press statement by KPMG left in its trail a smoking gun.<\/p>\n<p>Now Dr Richmond Atuahene seems to suggest the smoking gun belongs to Ernst and Young.<\/p>\n<p>Who is the realMcCoy?<\/p>\n<p>And how long will it take for them to own up to ignorance and dishonesty?<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Isaac Ato MENSAH Accra- 13 August, 2018. &nbsp; &#8216;KPMG gave a bank in South Africa a clean report only for the bank to collapse after four months. Where is IRS and GRA. We don&#8217;t even seem to talk about them. I doubt if EOCO [Economic and Organised Crimes Office] has the capacity to investigate this matter.&#8217; &#8211; EdgaWiredu, speaking on Unique FM 95.7MHz, Accra, via telephone at 9:50am, on Monday 13 August, 2018. &nbsp; &#8216;What about Ernst and Young? When Enron and Worldcom collapsed, they [Ernst and Young] were fined and then they made an appeal. [On external auditors&#8217; reports prepared for banks which<a class=\"more-link\" href=\"https:\/\/writersghana.com\/index.php\/2018\/08\/13\/searchlight-on-the-banking-scandal-part-3\/\">Read More &rarr;<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["entry","author-atowritersghana-com","post-976","post","type-post","status-publish","format-standard","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEARCHLIGHT ON THE BANKING SCANDAL- PART 3 - Writers &amp; Shakespeares Ghana Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/writersghana.com\/index.php\/2018\/08\/13\/searchlight-on-the-banking-scandal-part-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEARCHLIGHT ON THE BANKING SCANDAL- PART 3 - Writers &amp; Shakespeares Ghana Limited\" \/>\n<meta property=\"og:description\" content=\"By Isaac Ato MENSAH Accra- 13 August, 2018. &nbsp; &#8216;KPMG gave a bank in South Africa a clean report only for the bank to collapse after four months. Where is IRS and GRA. We don&#8217;t even seem to talk about them. I doubt if EOCO [Economic and Organised Crimes Office] has the capacity to investigate this matter.&#8217; &#8211; EdgaWiredu, speaking on Unique FM 95.7MHz, Accra, via telephone at 9:50am, on Monday 13 August, 2018. &nbsp; &#8216;What about Ernst and Young? When Enron and Worldcom collapsed, they [Ernst and Young] were fined and then they made an appeal. 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