Ex-KPMG partner slams SARB's 'fatally tainted' VBS report, heads to court

2018-10-11 21:13

Former partner at KPMG Sipho Malaba is expected to launch a court challenge to have set aside the explosive forensic report into the collapse of VBS Mutual Bank, which implicates him in fraud.

VBS looting: KPMG and former exec under fire in report about ‘bank heist’

2018-10-10 13:41

A damning report into the looting of VBS Bank has found that former KPMG partner Sipho Malaba knew about the cash shortage of nearly R1bn at the bank but signed off on its financials anyway - benefitting by roughly R28m for his efforts.

Audit watchdog is not 'captured' - CEO

2018-10-09 17:20

The Independent Regulatory Board for Auditors is not captured and has been making efforts to ensure independence, members of Parliament have heard.

KPMG SA CEO to be replaced, a year after sweeping leadership changes

2018-10-03 08:47

KPMG SA Chief Executive Nhlamulo Dlomu will be taking on a new global role at the auditor which focuses on organisational culture change and ethical leadership.

What corrupt companies should do to regain our trust

2018-09-05 06:30

Trust is an intangible but vital currency in a healthy economy. Getting it back once it’s gone is difficult but doable, and SA has its work cut out, says Tim London.

This loophole SA employees were using to dodge disciplinary hearings is now closed

2018-08-03 09:37

A landmark ruling has important implications for bosses and workers.

Finbond appoints new auditors after giving KPMG the boot

2018-07-22 14:30

Deloitte has been appointed as the new external auditors of Finbond Group Limited after the mutual bank dumped scandal-hit KPMG.

KPMG’s name has been stripped from a massive new Cape Town building, now renamed after a piece of rope

2018-07-18 15:32

KPMG's logo has also been removed from the latest renders of the building.

Ex-KPMG Gupta-firm auditor faces 6 charges at IRBA hearing

2018-07-04 21:29

Audit watchdog IRBA has started its disciplinary hearing of a former KPMG employee linked to the Gupta-owned firm which is alleged to have paid for a Gupta wedding with R26.3m of the state's money.

Ntsebeza inquiry: KPMG should have terminated relationship with Gupta entities

2018-06-26 20:59

Auditing firm KPMG should have terminated the relationship they had with the Gupta-linked entities as soon as there were red flags, says Adv. Tembeka Ngcukaitobi.


KPMG vows to cooperate with SARB in wake of damning report

2018-10-11 15:42

KPMG executive chairman Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank if necessary.

Lack of funding limits probes into auditors, MPs told

2018-10-10 07:10

The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.

Business Leadership SA lauds progress of KPMG's new leadership, lifts suspension

2018-10-04 22:02

Business Leadership South Africa has lifted the suspension of KPMG South Africa’s membership.

KPMG still losing staff and clients due to Gupta fallout, say insiders

2018-09-25 18:35

KPMG is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country.

Gupta wedding under scrutiny as IRBA wraps up disciplinary of ex-KPMG auditor

2018-08-06 09:42

Payment for the infamous Gupta wedding came under scrutiny as the disciplinary hearing into the conduct of a former KPMG auditor who worked on the books of companies owned by the family wrapped up.

Gold Fields replaces KPMG

2018-07-23 13:30

Gold Fields has replaced KPMG with PwC as external auditors, with Pieter Hough as the designated audit partner for the financial year ending 31 December 2019.

UK authorities are investigating whether KPMG’s SA woes could sink the global firm, reports FT

2018-07-20 09:59

The Bank of England is concerned that KPMG's South African activities could jeopardise the rest of its international network.

How KPMG and McKinsey tanked their reputations in a year

2018-07-16 06:00

PR experts believe that, whatever the extent of a brand's crisis, you can recover if you handle it correctly. Both KPMG and McKinsey failed - something social media capitalised on, writes Tonya Khoury.

Ntsebeza inquiry: Claims that KPMG 'rogue unit' report was cut-and-paste job

2018-06-27 22:04

A former KPMG auditor allegedly was so "unprofessional and lazy" that he plagiarised information included in the SARS "rogue unit" report, the Ntsebeza Commission of Inquiry hears.

Sasfin drops KPMG and Grant Thornton Joburg as auditors

2018-06-19 17:13

The group announced it had appointed PricewaterhouseCoopers as its new auditor with immediate effect.

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