Business In The News South Africa

KPMG conduct ‘deplorable’, Moyane ‘opportunistic’ – SA Communist Party

CAPE TOWN, September 19 – Both the South African Revenue Service (Sars) commissioner Tom Moyane and auditing firm KPMG must face action for the fiasco around claims of a “rogue unit” within the revenue service which led to several people losing their jobs, including former finance minister Pravin Gordhan, the SA Communist Party (SACP) said […]

In The News South Africa

Parliament’s watchdogs on finance and public accounts want answers on KPMG debacle

PARLIAMENT, September 18 – Parliament’s standing committee on public accounts on Monday said it would summon auditing firm KPMG to explain to MPs why it should continue doing business with the state given questions around its credibility. “KPMG’s unexplained withdrawal of a South African Revenue Service [Sars] report and its work in the integrated financial […]

Business In The News South Africa

International auditing body also probing KPMG over SARS report

JOHANNESBURG, September 18 – The Independent Regulatory Board for Auditors (IRBA) said on Monday that it had noted that KPMG had taken steps to enforce accountability relating to its controversial South African Revenue Service (SARS) report, but added that it would continue with its own independent investigation. Last week KPMG announced that it had withdrawn […]

Business In The News South Africa

Business Leadership SA welcomes KPMG leadership exit

JOHANNESBURG, September 15 – Business Leadership South Africa (BLSA) has welcomed the leadership reshuffle at audit firm KPMG South Africa and the firm’s willingness to act decisively following controversy over audits and reports. This comes as Trevor Hoole tendered his resignation on Friday as the chief executive KPMG South Africa following a storm created by the work the firm did […]

Business In The News South Africa

Sars’ deadline looms for taxpayers to declare foreign assets and income

JOHANNESBURG, August 29 – The South African Revenue Services (Sars) on Tuesday dispelled rumours that there was an extension to the Special Voluntary Disclosure Programme (SVDP), saying that the closing date is imminent The SVDP is a once-off opportunity to disclose off-shore assets and income by taxpayers with undeclared foreign assets or income with the benefit […]