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.

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.

How SA can achieve a clean ethics audit

2018-11-27 06:15

Is it SA's auditors who helped the country rot, or a rotten environment that let auditing standards slide? asks Heemal Bhaga Muljee.

Explainer: Lessons from the collapse of a small South African bank

2018-11-06 06:01

One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection. In some cases they will require independent verification.

Parliament: We demand answers on ballooning irregular spend

2018-10-10 20:27

Scopa and SCOA have called for accountability from those failing in their duties, after just 25% of 434 audited government departments and state-owned enterprises received clean audits compared to 34% last year.

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.

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.

Accounting firm dumps NHLS

2018-08-12 06:00

The National Health Laboratory Services has been dropped by its auditor over misrepresentations over an alleged report implicating suspended chief executive Joyce Mogale.

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.

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.

 

PIC said to face Steinhoff probe

2018-12-10 19:48

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter.

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.

Slow disciplinary process hampers Saica’s case against accountant Khaya Sithole

2018-11-26 16:06

Accountant and commentator Khaya Sithole has complained about the slow disciplinary process by the South African Institute of Chartered Accountants, which could extend until 2019, with no finalisation.

Worst-ever score for corporate governance in SA - index

2018-11-01 21:42

A scandal-ridden year served up a dismal report card for SA, with the worst-ever score for ethics, compliance and assurance since the Corporate Governance Index's inception five years ago.

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.

Auditor General: Irregular spend at 'all-time high'

2018-10-08 16:20

Auditor General Kimi Makwetu has called for tighter controls in the financial sector, lamenting high rates of irregular spend.

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.

This is why Investec is sticking with KPMG — despite shareholder outrage

2018-08-10 12:11

Nearly a fifth of Investec's shareholders did not want KPMG, and the board says it too has concerns, but that it is better for South Africa to keep the firm as its auditors.

IRBA issues R2m in fines, shames some auditors

2018-07-22 06:05

The Independent Regulatory Board for Auditors (IRBA) handed out R2m in fines this week to 21 auditors that contravened its professional standards, code of conduct and the law.

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.

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