KPMG partners could face a R2 billion claim on VBS - and their insurance may not pay

2018-10-15 09:20

KPMG South Africa won't say if its insurance against claims – like the massive one it may face on VBS Mutual Bank – covers fraud. But it insists its deep-pocketed international parent is behind it all the way.

SARB: Auditors were part of the VBS Mutual Bank conspiracy

2018-08-15 15:06

The audited financial statements of VBS Mutual Bank which were submitted to the Reserve Bank were not reliable, Parliament has heard.

Steinhoff Africa Retail parts ways with auditor Deloitte.

2018-05-23 17:07

STAR says PricewaterhouseCoopers has been appointed as its external auditor.

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.

New KPMG chair resolves to put ethics first

2018-01-17 11:58

New KPMG chair Wiseman Nkhuhlu aims to open up the company to the highest scrutiny and believes that with the necessary action, the audit firm could be turned around in 18 months.


Auditors' watchdog Irba gets teeth with new bill

2018-08-26 07:42

In a Financial Matters Amendment Bill released for comment on Friday, Treasury proposed several changes to the Auditing Profession Act, the law that created Irba.

Irba wraps up evidence into audit of Gupta's Linkway

2018-07-08 07:00

‘Construction firm Linkway does not have any employees … It lacks an apparent commercial purpose’.

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.

Capitec says no to call for a second auditor

2018-02-04 06:00

Capitec has rejected a call to take on a second auditor amid a damning report, including queries about its loan book and level impairments.

KPMG SA announces new chair

2018-01-17 08:49

Professor Wiseman Nkuhlu, the chancellor of the University of Pretoria, will become the new board chair of KPMG South Africa from March 1.

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