In The News South Africa

Business Leadership SA suspends KPMG

JOHANNESBURG, September 22 – The Board of Business Leadership South Africa (BLSA) has decided to suspend the membership of KPMG (SA) pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa. BLSA said in a statement on Friday that the move follows a process of engagement […]

In The News

KPMG must be blacklisted, says Sanco

CAPE TOWN, September 20 – The South African National Civic Organisation (Sanco) has called on government and business to blacklist KPMG for unethical behaviour. The call follows the resignation of a number of the international audit firm’s senior South African executives and withdrawal of its findings on the South African Revenue Service(Sars) report into the so-called […]

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 Last week KPMG announced that it had withdrawn […]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 […]