KPMG staffers forced to resign may face further disciplinary action
1,057 views · Published 16 September 2017 · 3:05 · Indexed 20 September 2026
Channel: SABC News · 2017 · News & Politics
KPMG staffers who have been forced to resign in a scandal that has engulfed the audit firm, may face further disciplinary action. The South African Institute of Chartered Accountants says if auditors deviated from standards set out by the industry, they could be fined or even be permanently barred from acting in their capacity as Chartered Accountants. Yesterday KPMG announced drastic changes as it battles to save itself from the consequences of doing business with the Gupta family, including the resignation of the CEO and eight other officials. KPMG also withdrew a report on the so-called rogue unit at the South African Revenue Services that raised questions marks about the leadership of Pravin Gordhan when he was the SARS commissioners, as well as other tax officials. The auditing firm has been accused of facilitating tax evasion, money laundering and corruption, by giving Gupta-linked entities clean audits. For more news, visit: http://www.sabc.co.za/news
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