20 September 2017

South Africa: Unchartered Territory - KPMG, Zuptas and the Tainting of Chartered Accountancy in SA


What do former Eskom board member Mark Pamensky, former Eskom CFO Anoj Singh, and at least four of the ousted KPMG partners have in common? At least two things, it turns out. First, they have all been implicated in some measure of wrongdoing as a result of the #GuptaLeaks saga (and in KPMG's case, the handling of the SARS report, too). And second, they are all registered chartered accountants. If it's possible to single out one professional designation as coming off the worst from this unholy mess, it might just be CA (SA). By REBECCA DAVIS.

"You know when lawyers are saying, 'You guys make us look good... '" commented a Daily Maverick colleague wryly. He was referring to the profession of chartered accountancy - and the unfortunate reality that a good number of individuals implicated in the #GuptaLeaks saga and the KPMG SARS debacle bear the letters CA (SA) after their name.

As yet, no chartered accountant has been struck off the professional register as a result of these scandals:

Not Mark Pamensky, who has been charged with corruption as a result of his conduct while simultaneously serving as an Eskom board member and a director of the Gupta-owned...

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