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'.

Nkonki Inc to close doors in wake of public sector work ban

2018-04-24 07:08

A week after the Auditor General announced the termination of auditing contracts with KMPG and Nkonki Inc, the latter announced the 'very painful and difficult' decision to undergo voluntary liquidation.

Accounting firms must put public interest before clients - archbishop

2018-04-19 05:15

Archbishop of Cape Town Thabo Makgoba has a harsh message for chartered accountants and auditing companies, saying that they need to put the public interest first.

Government cancels auditing contracts with KPMG and Nkonki Inc

2018-04-17 16:18

Auditor General Kimi Makwetu has announced his office’s decision to terminate, with immediate effect, the government's auditing contracts with KPMG and Nkonki Inc.

KPMG promised transparency – then kept secret the suspension of its VBS audit partner

2018-04-16 06:01

For two weeks after it suspended partner Sipho Malaba for what it alleged was dishonesty, KPMG said nothing. Then it said nothing about the second partner it had also suspended.

4 key questions about the VBS scandal KPMG failed to answer on Sunday

2018-04-15 15:39

KPMG called a press conference to talk about two executives who resigned after questions arose about their dealings with VBS Mutual Bank. Then it didn't.

KPMG unveils 4-point plan to restore integrity

2018-04-15 15:17

KPMG South Africa has unveiled a four-point plan aimed at restoring trust in the beleaguered audit firm which has in the recent past been hit by scandals involving the quality of its work.

Auditing body issues investigation letter to KPMG’s lead auditor for VBS case

2018-04-14 08:45

SA's auditing regulatory body has issued an investigation letter to Sipho Malaba, KPMG’s lead audit partner for VBS Mutual Bank, notifying him of a probe into the company’s audit of the bank which is currently under curatorship.

Full day of hearings into corporate scandals in Parliament

2018-03-20 07:11

The standing committee on finance is expected to receive updates on the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, the SA Revenue Service, and more.

KPMG SA, affiliates of Deloitte, BDO to pay penalties over audit work

2018-03-14 15:48

KPMG South Africa, KPMG Zimbabwe and foreign affiliates of accounting firms Deloitte & Touche and BDO have agreed to pay penalties for becoming involved in audit work that did not comply with US audit standards.


Auditors KPMG, under fire in SA, now face US shareholder protests

2018-04-24 17:34

KPMG, which has been under fire in SA for its audits of Gupta-owned firms and its role in the so-called rogue unit report, is facing possible shareholder protests in the US, according to the Financial Times.

SARB: Banks are free to choose their own auditors

2018-04-19 16:42

The South African Reserve Bank says it does not interfere with the appointment of auditors by banks, as this responsibility rests with the banks.

KPMG hopes AG termination of contracts will be temporary move

2018-04-17 18:29

KPMG CEO Nhlamu Dlomu says she hopes Auditor General Kimi Makwetu’s decision to terminate the company’s services will be a “temporary break”.

Ntsebeza panel considers extending KPMG inquiry to VBS

2018-04-16 16:34

Revelations around VBS Mutual Bank may be discussed at the Ntsebeza Inquiry, which is probing allegations that KPMG employees contravened codes of conduct when auditing Gupta-linked companies.

Ex-KPMG partners in VBS saga failed to disclose links with the bank

2018-04-15 16:45

KPMG South Africa has revealed that nondisclosure was at the centre of the recent resignation of two partners who were facing disciplinary charges related to work done for VBS Mutual Bank

FULL STATEMENT: KPMG's plan to regain 'damaged' trust and place quality and integrity at its heart

2018-04-15 15:23

KPMG South Africa is hoping to speed up its efforts to rebuild public trust as it announced further steps to accelerate significant change at the scandal-hit audit firm.

KPMG 'opening itself up to scrutiny' with review of 200 files

2018-04-15 12:34

KPMG chairperson Wiseman Nkuhlu has announced that the beleaguered auditor will launch an "unprecedented" review of all its work done by partners in the last 18 months in a bid to regain public trust.

WRAP: Finance Committee regroups to map way forward on Viceroy, SARS

2018-03-20 09:21

Parliament’s Standing Committee on Finance had to regroup to map a way forward after a marathon of submissions from National Treasury and finance sector regulators on South Africa’s most talked about corporate sagas.

Ntsebeza inquiry: only members of accounting body can be investigated

2018-03-17 13:00

The Ntsebeza Inquiry faces a roadblock when investigating individuals who are not members of the South African Institute of Chartered Accountants.

KPMG offers full cooperation to Ntsebeza inquiry

2018-02-24 11:24

KPMG South Africa says it will give its full cooperation to an industry inquiry into the audit firm’s conduct, after questions were raised about missing documents.

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