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

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.

Time for the auditing world to stop pulling the wool over our eyes

2018-01-31 06:00

There should be no room for spin doctors in the auditing profession and no amount of strategic amputation should be an excuse for withholding the truth from the public, says Solly Moeng.

Accounting body launches probe into KPMG employees

2017-11-03 15:53

An independent inquiry into employees of KPMG implicated in the #GuptaLeaks, has been commissioned by the South African Institute of Chartered Accountants (Saica).

Why KPMG should fall

2017-10-04 06:00

KPMG should not be allowed to get away with the simple strategic amputation of a few individuals without full disclosure, says Solly Moeng.

Auditing sector deserves redemption, says Manuel

2017-10-03 15:56

Former finance minister Trevor Manuel believes that, in light of the KPMG controversy, the sector should re-examine corporate good governance and independent oversight.

KPMG replacement also drops Guptas

2017-09-26 18:40

Auditing firm SizweNtsalubaGobodo is the latest SA company to cut ties with Gupta-owned companies.

Black audit firms need a big step up - body

2017-06-21 18:13

South Africa will need more than just the rotation of auditing firms to address the low level of participation of black auditing firms, says the Independent Regulatory Board for Auditors.


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.

Deloitte partners deny 'these allegations'

2018-04-15 06:00

Charges relate to financial statements signed off at African Bank Limited and African Bank Investments.

Opinion: KPMG’s Ms Fixit can pull it off – if given space to do so

2017-11-12 06:00

The story of the suffering of black women in corporate South Africa has become a daily diet to which many of us have grown accustomed.

SAA auditors could face probe by oversight body

2017-10-06 07:29

The auditors who signed off on SAA's annual reports in the 2015/2016 financial year may be investigated by the country's public accountancy oversight body.

Auditing sector deserves redemption, says Manuel

2017-10-03 15:56

Former finance minister Trevor Manuel believes that, in light of the KPMG controversy, the sector should re-examine corporate good governance and independent oversight.

Manuel on KPMG: Auditing profession needs time to heal

2017-10-03 09:56

A world without auditors would be a "profound tragedy for risk" and the auditing profession needs time to heal after the KPMG blow out, says former finance minister Trevor Manuel.

KPMG’s questionable behaviour goes beyond Gupta companies

2017-08-22 10:18

Yet another scandal means it’s time for some changes in the auditing industry.

There must be 'bite' at the end of an audit - AG

2017-06-14 05:00

The office of the auditor general may in future have the powers to refer entities with poor audit outcomes or which flout supply chain management regulations to an investigating authority.

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