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

2018-06-13 19:08

The Gauteng provincial government has taken key decisions related to contracts with auditing firm KPMG and consultancy McKinsey which are facing allegations of misconduct.

Loss of AG contract forces KPMG to close four regional offices

2018-06-04 20:15

The auditing firm will be closing four smaller regional offices and retrenching around 400 staff members, in part because of the termination of work it did for the Auditor-General.

KPMG, Saica part ways

2018-06-03 06:07

Troubled auditor KPMG has resigned as the SA Institute of Chartered Accountants’ (Saica’s) external auditor.

Exodus continues as Finbond dumps KPMG

2018-05-31 12:23

The JSE-listed mutual bank says its board of directors resolved it could no longer be associated with the auditor in the wake of 'well-publicised serious concerns'.

KPMG 'rogue unit' probe only focused on brothel, not SARS 4 as in service agreement

2018-05-25 07:58

The service agreement between SARS and KPMG suggests the auditing firm, when producing its controversial "rogue unit" report, did not fully meet its contractual obligations.

Speak out on corruption, auditor network urges corporates

2018-05-18 16:14

The Institute of Internal Auditors South Africa has urged corporates to speak out on corruption, as auditors continue to face scrutiny.

KPMG acknowledges failings at the firm have damaged auditing profession

2018-05-07 06:18

KPMG has welcomed regulatory body IRBA's plan to review its turnaround strategy, saying it “acknowledges that failings at the firm have contributed to adverse perceptions about the audit profession”.

Auditing regulator IRBA to review KPMG’s turnaround strategy

2018-05-04 18:27

The Independent Regulatory Board for Auditors will review KPMG’s turnaround strategy to identify “weaknesses in its operations”, as it feels the heat to crack down on allegations of several errant auditors.

Nedbank sticking with KPMG - for now

2018-05-03 15:13

Nedbank says it is not yet bringing down the hammer on KPMG.

We gave KPMG, Nkonki Inc enough time to explain, says AG Kimi Makwetu

2018-04-26 06:47

Auditor-General Kimi Makwetu says that KPMG’s South African unit and Nkonki Inc both were given “ample time” to explain concerns that were raised by his office before it terminated auditing contracts with the firms.


OUTA launches parliamentary office, welcomes former ANC MP

2018-06-06 20:10

The Organisation Undoing Tax Abuse hopes to build strong ties with the office of the Auditor General and National Treasury through its new parliamentary office.

KPMG expects 400 people to leave as auditor reshapes business

2018-06-04 10:32

KPMG SA has announced it expects some 400 people to leave the firm as it shuts several regional offices.

SAICA and KPMG part ways

2018-06-01 13:30

The South African Institute of Chartered Accountants’ Board has accepted KPMG’s offer to resign as SAICA’s external auditors.

Delayed report on former KPMG employees to be released soon

2018-05-29 20:41

The inquiry into some former KPMG employees is now entering the final stages and the report will be released by the end of June, says Advocate Dumisa Ntsebeza.

State's procurement pot must be guarded jealously – Finance Minister

2018-05-22 16:44

Government sorely needs to improve how it procures goods and services, Finance Minister Nhlanhla Nene has told Parliament.

Auditing regulator snowed under as 5 investigators struggle with 150 cases

2018-05-10 05:30

The Independent Regulatory Board for Auditors says resource and personnel constraints have forced it to prioritise high profile cases, and it has a 'critical need' to increase capacity.

Gordhan must dump SAP – BBC

2018-05-06 06:48

Black business wants government to cancel all contracts with the software giant because of state capture claims.

MPs hear why Auditor General's office ditched KPMG, Nkonki

2018-05-04 11:04

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

EXCLUSIVE: Controversial attorney and alleged spy Belinda Walter was a consultant for senior KPMG manager

2018-04-30 12:55

Auditing firm KPMG SA has come under intense scrutiny for its role in authoring the SARS 'rogue unit' report. Now further questions have arisen around conflicts of interest when they took up the brief.

Nkonki network firms sever all links with Nkonki Inc

2018-04-24 18:22

Auditing firms within the Nkonki network have passed a resolution terminating their 'network agreement and affiliation with Nkonki Inc'.

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