Auditor-General of South Africa Cancels Contracts with KPMG
The Auditor-General of South Africa has announced the termination of contracts with auditing firms KPMG and Nkonki Inc. KPMG suffered a year of bad publicity due to allegations of misconduct over work done for Gupta-linked companies and a role in the controversial South African Revenue Service "rogue unit" report. Chief executive of Nkonki Inc. Mitesh Patel resigned from his post after investigative journalism unit amaBhungane exposed that his R107-million "management buyout" of the trailblazing black auditing firm was funded by Salim Essa, an associate of the Gupta family.
Auditor-General of South Africa, 18 April 2018
Auditor-General (AG) Kimi Makwetu has announced his office's decision to terminate, with immediate effect, the auditing contracts with KPMG and Nkonki Inc., who do public sector… Read more »
EFF, 18 April 2018
The EFF welcome Auditor-General South Africa (AGSA) overdue decision to cancel audit contracts with KPMG as the we have called for the cancellation of all government contracts so… Read more »
- Publication Date:
- 18 April 2018
Parliament's Standing Committee on Public Accounts has praised the Audito General for its decision to terminate all government auditing contracts with ... see more »
Auditor-General Kimi Makwetu (file photo).
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 »