Ex-KPMG partner in US gets prison sentence for fraud scheme

2019-09-11 22:22

KPMG’s former US national managing partner for audit quality and professional practice has been slapped with a prison sentence for defrauding an accounting regulator.

'Delighting' clients undermine accounting industry's moral courage - KPMG SA chair

2019-08-14 10:25

"Delighting" clients has become the primary aim for accounting firms and this undermines their moral courage, says KPMG SA chair Wiseman Nkuhlu.

KPMG boss: Auditors forgot who they were working for

2019-07-31 15:23

Ignatius Sehoole, ex-SAICA head and KPMG's new CEO, shed light on reforms at the company and the auditing profession more generally.

KPMG on journey of renewal - chair at opening of new Cape Town office

2019-05-16 21:03

KPMG Southern Africa officially opened its new office in Cape Town earlier this week.

Solly Moeng: KPMG did so much wrong. Now, it's doing right

2019-03-30 13:31

KPMG helped SA falter, but with hard work, it could be part of the solution too, says Solly Moeng.

KPMG says it is on renewal path after series of audit scandals

2019-03-08 14:01

KPMG South Africa has released a 45-page report laying out the measures it adopted as it tries to recover from the reputational damage it suffered after the revelation of irregular audit practices by some of its partners.

Auditing board wraps up disciplinary hearing of Gupta-linked ex-KPMG auditor

2019-02-15 21:00

IRBA has concludes the disciplinary hearing of a former KPMG auditor who worked on the books of a Gupta-linked company.

Trust us, KPMG chair pleads in letter to SA

2018-12-09 12:58

KPMG South Africa says it is now "a very different business", as it appeals for public trust after being embroiled in Gupta-linked and other auditing scandals.

KPMG to donate millions in Gupta fees to civil society

2018-12-03 13:24

The auditing firm says it will be distributing the R47m it earned in fees from Gupta-related entities to civil society.

KPMG on Nedbank: We are disappointed, but our business has changed

2018-10-29 18:14

It is always disappointing to lose a client, but mandatory audit firm rotation means more of the same is likely to come, the audit firm has said.

 

Aggressive tax planning: Not enough just to obey rules - consultant

2019-09-06 22:01

Simply obeying tax rules is not enough when it comes to so-called aggressive tax planning, in the view of a tax consultant at KPMG.

KPMG now doing integrity checks, lifestyle audits - CEO

2019-08-01 16:07

One of the lessons KPMG has learnt in the aftermath of suffering major reputational damage is to check whether employees are living beyond their means, according to CEO Ignatius Sehoole.

Ignatius Sehoole takes the reins as KPMG head

2019-06-04 16:23

Ex-SAICA president Ignatius Sehoole has taken up his position as CEO of KPMG, the company said in a statement on Tuesday.

KPMG, EY reported to police amid dirty money probes in Denmark

2019-04-12 20:36

Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.

Gupta-linked ex-KPMG auditor struck from IRBA register for 'egregious dishonesty'

2019-03-28 16:11

The auditor responsible for auditing Gupta-linked company Linkway Trading has been struck from the register of the Independent Regulatory Boards for Auditors. This is the first matter arising from the Gupta Leaks to reach a disciplinary conclusion and sanction, IRBA noted.

Important tax change for South Africans working abroad

2019-02-17 08:02

SA law has been changed in relation to the exemption of foreign employment income and effective 1 March 2020 this exemption will be capped, says a tax expert.

The Sunday Read: KPMG on transformation, missing red flags and rebuilding a brand

2018-12-16 09:30

KPMG South Africa's executive chairman, Wiseman Nkuhlu, says enhanced audit reviews and stringent client selection are just some of the key strategies that the firm has since adopted to rebuild its tainted brand.

'Bad financial management' behind govt's delayed IT system - Mogajane

2018-12-06 08:15

A forensic report into a delayed national IT system has recommended that Treasury director general Dondo Mogajane take action against officials allegedly responsible for financial mismanagement.

KPMG SA appoints new CEO

2018-11-28 09:46

CEO designate Ignatius Sehoole says he will work to continue restoring confidence in the firm, whose reputation took a hammering due to its past auditing work for Gupta-linked entities.

5 Questions: Steinhoff, KPMG, VBS - Saica acting CEO on how the accounting industry is feeling the heat

2018-10-28 16:59

From Steinhoff CEO Markus Jooste to several senior KPMG staff and a number of VBS Mutual Bank executives, acting CEO of the SA Institute of Chartered Accountants Fanisa Lamola talks to Fin24 about the state of the accounting industry in SA.

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