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.

Can auditors save their integrity?

2018-06-10 10:15

Makhosandile Kwaza writes about the current reluctance of company members to trust the assurances of auditors.

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.

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'.

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.

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.

KPMG staff are jumping ship amid bonus fears and ‘enormous’ panic

2018-05-03 17:03

Many senior and mid-level staff have resigned in recent months.

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.

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.

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

 

Manuel: SA auditors got too comfortable

2018-06-13 07:15

The former finance minister says it’s a challenge to convince potential investors that audited reports can be trusted.

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.

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.

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”.

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.

Nedbank sticking with KPMG - for now

2018-05-03 15:13

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

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'.

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 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.

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