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South Africa: KPMG 'Opening Itself Up to Scrutiny' With Review of 200 Files
News24Wire, 15 April 2018
KPMG chairperson Wiseman Nkuhlu on Sunday announced that the beleaguered auditor will launch an "unprecedented" review of all its work done by partners in the last 18 months in a… Read more »
South African Auditing Firm In Spotlight Again
Things started to unravel at auditing giant KPMG SA after one of its clients, furniture giant Steinhoff, was exposed for some "creative accounting" that saw the sudden resignation of its CEO Markus Jooste. Christo Wiese, the company chairman, lost half of his fortune within days as the share price hit rock bottom. Authorities are questioning if, and how KPMG, missed glaring irregularities at the company. Now, two executives at the firm have resigned after their failure to disclose their association with VBS Mutual Bank.
InFocus
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KPMG South Africa's retraction of a South African Revenue Services report and its audit of a firm owned by the Gupta family who were named in the State of Capture report issued by ... Read more »
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KPMG South Africa's woes are far from over as South African Revenue Service chief Tom Moyane threatens legal action after the revenue service was described as "incompetent, ... Read more »
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Leaders of furniture giant Steinhoff, the South African company that saw a spectacular collapse after fraudulent accounting moves were revealed, was supposed to appear before a ... Read more »
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Steinhoff Africa Retail (STAR), a retailer servicing sub-Saharan Africa operating across several sectors, and listed on the Johannesburg Securities Exchange, is this week facing ... Read more »
