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KPMG offices in Parktown. Picture BRUCE GORTON

Wits drops KPMG as their internal auditor

By Times LIVE The University of Witwatersrand (Wits) has become the latest client to drop KPMG as their auditor. Wits said in a statement on Wednesday the university council had decided on Friday not to renew its contract with KPMG for…

Former Finance Minister Trevor Manuel.Picture FILE

Jail those implicated in KPMG saga: Manuel

By Nomahlubi Jordaan Former finance minister Trevor Manuel says those implicated in the KPMG scandal should go to jail. “People should go to jail because of how they have been covered and how this rot was allowed to continue in the way…

What the Guptas spent on wedding desserts

What are you prepared to pay for cranberries‚ kiwi and a single scoop of ice cream? Thanks to the international auditing firm‚ KPMG‚ and the South African Revenue Service‚ the Guptas were able to have all their wedding dessert and eat it…

As controversy dogs KPMG SA, more of South Africa’s biggest companies are reviewing their relationship with the firm. Image: Alon Skuy

Darkness descends on KPMG

BY GRAEME HOSKEN Auditing firm faces ruin as its reputation lies in tatters Auditing firm KPMG SA’s reputation is in tatters and it faces ruin as another two major clients ditch it. On Tuesday financial services company Sasfin and…

KPMG offices in Parktown. Image: Bruce Gorton

SARS vows to take legal action against KPMG over withdrawal of ‘rogue unit’ report

BY KYLE COWAN SARS Commissioner Tom Moyane says the revenue service will be taking legal action against auditing firm KPMG after it withdrew its report into the so-called “rogue unit”. Moyane said he was only notified of KPMG’s decision…

Hawks reviving charges against Gordhan

Former finance minister Pravin Gordhan is being investigated by the Hawks over the alleged bugging of the National Prosecuting Authority (NPA) offices in 2007‚ Business Day reported on Thursday. The newspaper said Gordhan’s predecessor…

Registration of KPMG auditors’ at risk over Gupta audit

KPMG auditors responsible for the audit of Gupta-owned Linkway Trading risk losing their designation as registered auditors if an investigation by the profession’s regulator finds against them. The Independent Regulatory Board for…