Home » Industry News » South Africa’s parliament cuts ties with auditor KPMG

South Africa’s parliament cuts ties with auditor KPMG

South Africa’s parliament said on Wednesday it has terminated its contract with KPMG, citing reputational risks after the global auditor was caught up in a scandal involving business friends of President Jacob Zuma.

Parliament said this termination includes a contract KPMG has with a medical aid scheme for Members of Parliament.

KPMG cleared out its South African leadership en masse this month after damning findings from an internal investigation into the Guptas, accused by a public watchdog of improperly influencing government contracts.


 

Source

CNBCAFRICA

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Water Independence Starts with What You Can Deploy Tomorrow

Water Independence Starts with What You Can Deploy Tomorrow By Dawid Bredenkamp As pressure on water resources continues to grow, flexibility is becoming less of a...

Commercial solar battery storage: NID project shows value of peak demand management

Commercial solar battery storage: NID project shows value of peak demand management By Kris van der Bijl A 100kWh battery might seem modest alongside a 1MWp...

MUST READ

ISA releases inventory of R395 billion in infrastructure projects

ISA releases inventory of R395 billion in infrastructure projects Infrastructure South Africa (ISA) has released the third edition of South Africa’s Construction Book - a...

RECOMMENDED