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.

KPMG South Africa

  • South Africa:   KPMG Must Come Clean

    DA, 15 April 2018

    The DA welcomes the announcement by KPMG Chairperson Wiseman Nkhulu of a broad scale review of all KPMG's work in the past 18 months. This is particularly necessary given the… Read more »


See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.