Business In The News South Africa

Regulatory board to fast-track probe into KPMG’s work for Gupta family

PARLIAMENT,  October 3 – The Independent Regulatory Board of Auditors said on Tuesday it has met with KPMG international chairman Bill Thomas and urged him to ensure full cooperation with its investigation into work the auditing firm did for the Gupta family’s business empire. IRBA CEO Bernard Agulhas said since that meeting, which also included KPMG SA […]

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 Last week KPMG announced that it had withdrawn […]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 International South Africa

Bell Pottinger expelled from UK and MENA-based PR body

JOHANNESBURG, September 5  – Prominent UK-based PR firm, Bell Pottinger, was expelled from the Public Relations and Communications Association (PRCA) for work it did for Oakbay and the controversial Gupta family. “Bell Pottinger’s membership has been terminated with immediate effect. Bell Pottinger will not be eligible to reapply for corporate membership of the PRCA for a minimum period of […]