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KPMG

AUDIO: Moyane tells Sars man to pull a ‘sickie’ ahead of KPMG meeting
Article
/ 21 June 2018

AUDIO: Moyane tells Sars man to pull a ‘sickie’ ahead of KPMG meeting

In the recording, Moyane can be heard telling the employee, Helgard Lombard, that if he is contacted by KPMG he must say he is ill.

By Kyle Cowan
Another hammer falls on KPMG, McKinsey as Gauteng govt terminates contracts
Article
/ 14 June 2018

Another hammer falls on KPMG, McKinsey as Gauteng govt terminates contracts

​The Gauteng provincial government has taken a decision to terminate its contracts with auditing firm KPMG and consulting firm McKinsey

By Lameez Omarjee
KPMG expects 400 people to leave as auditor reshapes business
Article
/ 4 June 2018

KPMG expects 400 people to leave as auditor reshapes business

It will remain a ‘business of significant scale’, KPMG said, with more than 130 partners and 2 200 employees

By Marelise Van Der Merwe
SAICA and KPMG part ways
Article
/ 1 June 2018

SAICA and KPMG part ways

The institute of chartered accountants said it will now begin a tender process to appoint external auditors

By Agency
Exodus continues as Finbond dumps KPMG
Article
/ 31 May 2018

Exodus continues as Finbond dumps KPMG

The JSE-listed mutual savings bank said KPMG’s appointment as external auditors would terminate at the end of June 2018

By Agency
IDC appoints new auditors after dumping KPMG
Article
/ 27 May 2018

IDC appoints new auditors after dumping KPMG

This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC

By Staff Reporter
Jobs issue plagues green energy
Article
/ 18 May 2018

Jobs issue plagues green energy

Unions say renewables will cause unemployment but the state disagrees and mines will soon close

By Tebogo Tshwane
Battered KPMG stays afloat
Article
/ 11 May 2018

Battered KPMG stays afloat

Its South African business may face challenges but globally it will remain a major operation

By Staff Reporter
Auditing firms need an overhaul
Article
/ 11 May 2018

Auditing firms need an overhaul

Organisations and people depend heavily on audit reports, which is why they have to be trustworthy

By Staff Reporter
Auditing watchdog snowed under as 5 investigators struggle with 150 cases
Article
/ 10 May 2018

Auditing watchdog snowed under as 5 investigators struggle with 150 cases

​The Independent Regulatory Board for Auditors admitted to Parliament on Wednesday that it has resource constraints

By Khulekani Magubane
MPs hear why AG’s office ditched KPMG, Nkonki
Article
/ 7 May 2018

MPs hear why AG’s office ditched KPMG, Nkonki

Kimi Makwetu says leadership at Nkonki Inc and the contagious effect of eroded trust in KPMG drove his office to cut ties with the auditing firms

By Khulekani Magubane
KPMG acknowledges its failings damaged auditing profession
Article
/ 7 May 2018

KPMG acknowledges its failings damaged auditing profession

KPMG South Africa has seen an exodus of clients in recent weeks; the Auditor General, Barclays Africa, Sibanye-Stillwater and Redefine Properties

By Tehillah Nieselow
KPMG, under fire in SA, now faces US shareholder protests
Article
/ 24 April 2018

KPMG, under fire in SA, now faces US shareholder protests

The ​Financial Times reported on Tuesday that KPMG could face protests over its audits of major clients Wells Fargo and General Electric

By Staff Reporter
Nkonki Inc’s biggest office to close doors after cancelled government contract
Article
/ 24 April 2018

Nkonki Inc’s biggest office to close doors after cancelled government contract

In wake of public sector work ban, the auditing firm has decided to undergo voluntary liquidation of its operation in Sunninghill

By Tehillah Nieselow
​Unembargoed: April 20 to 25 2018
Article
/ 23 April 2018

​Unembargoed: April 20 to 25 2018

Strike three for KPMG and a Supra-sized headache. Read on to find out more!

By Staff Reporter
Three strikes against KPMG – now what?
Article
/ 21 April 2018

Three strikes against KPMG – now what?

Once again, two senior partners were forced to resign last week.

By Thanduxolo Jika
KPMG exec embroiled in VBS probe
Article
/ 20 April 2018

KPMG exec embroiled in VBS probe

An amount of R177-million is missing in a complex money trail that jumps from Namibia to South Africa

By Thanduxolo Jika
African Bank CEO up for a challenge
Article
/ 20 April 2018

African Bank CEO up for a challenge

Critical to success is a roll-out of transactional offerings and securing refinancing

By Staff Reporter
Calls mount to split auditing firms
Article
/ 20 April 2018

Calls mount to split auditing firms

Analysts say there is a conflict of interest between their auditing functions and advisory services

By Lynley Donnelly
Reserve bank: Banks are free to choose their own auditors
Article
/ 19 April 2018

Reserve bank: Banks are free to choose their own auditors

The SARB on Thursday issued a statement following recent developments at KPMG.

By Lameez Omarjee
Auditor General cancels contracts with KPMG
Article
/ 17 April 2018

Auditor General cancels contracts with KPMG

The government has cancelled its auditing contracts with KPMG and Nkonki Inc

By Tehillah Nieselow and Jan Cronje
Curator withdraws VBS’s 2017 financial statements
Article
/ 16 April 2018

Curator withdraws VBS’s 2017 financial statements

Anoosh Rooplal has announced that he was withdrawing VBS Mutual Bank’s most recent financial statements.

By Lynley Donnelly
KPMG ‘opening itself up to scrutiny’ with review of 200 files
Article
/ 16 April 2018

KPMG ‘opening itself up to scrutiny’ with review of 200 files

The company is looking at reviewing at least 200 files.

By Sibongile Khumalo
Paper review: What’s making the headlines in today’s papers?
Article
/ 16 April 2018

Paper review: What’s making the headlines in today’s papers?

Stay up to date with what made the leads in some of the country’s daily’s

By Staff Reporter
KPMG woes deepen after VBS bank scandal
Article
/ 15 April 2018

KPMG woes deepen after VBS bank scandal

The revelations are another blow to the auditing firm, which has battled to restore its credibility after allegedly assisting Gupta-linked companies

By Lynley Donnelly
KPMG to review all work over the last-year-and-a-half
Article
/ 15 April 2018

KPMG to review all work over the last-year-and-a-half

The beleaguered auditing firm has launched a large-scale review of all work done in last 18 months

By Staff Reporter
Full day of hearings into corporate scandals in Parliament
Article
/ 20 March 2018

Full day of hearings into corporate scandals in Parliament

The standing committee on finance will roll up its sleeves for a full day of hearings into Steinhoff, KPMG, VBS Mutual Bank, and SARS

By Khulekani Magubane
Software giant SAP faces charges over Gupta-linked payments
Article
/ 8 March 2018

Software giant SAP faces charges over Gupta-linked payments

A recently-concluded internal SAP investigation found irregularities in the management of third party transactions

By Khulekani Magubane
SARS won’t confirm whether KPMG SA paid back R23m for its report on the ‘rogue unit’
Article
/ 4 February 2018

SARS won’t confirm whether KPMG SA paid back R23m for its report on the ‘rogue unit’

KPMG had in September last year offered to repay SARS the R23m fee it received for the work performed during its investigation into the "rogue unit".

By Mxolisi Mngadi
State capture: ANC plots a way for Zuma to walk free
Article
/ 26 January 2018

State capture: ANC plots a way for Zuma to walk free

The ANC is wrestling with ways to get the president to agree to vacate office before 2019

By Matuma Letsoalo Author and Dineo Bendile
CIPC’s net should catch other big fish
Article
/ 19 January 2018

CIPC’s net should catch other big fish

An analyst welcomed the moves against firms linked to state capture, but says it shouldn’t stop there

By Staff Reporter
Unshackling licensed professions would create jobs
Article
/ 19 January 2018

Unshackling licensed professions would create jobs

‘Opening licensed markets to less regulation would yield a net good for South Africa,’ says the writer

By Staff Reporter
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