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KPMG announces independent investigation

───   11:16 Sat, 23 Sep 2017

KPMG announces independent investigation  | News Article

Cape Town - KPMG International on Friday evening announced a new independent investigation into KPMG SA’s work for the Gupta family and its role in authoring the controversial SARS ‘rogue unit’ report.


The global auditing firm’s chairperson, John Veihmeyer, who earlier this week “sincerely apologised for what went wrong in KPMG SA” said the investigation would be led by a senior SA legal figure who was “completely independent” of both KPMG South Africa and KPMG International.

“We are in active discussions to identify a credible, senior, independent legal figure to lead the investigation. The leader of the investigation, along with the scope, terms of reference and proposed timeline will be announced very shortly,” he said.  

“Our preference is for the investigation to be completed as quickly as possible.”

The announcement of the new probe, which is separate from an internal investigation carried out by KPMG International, comes the day after Veihmeyer met with former finance minister Pravin Gordhan and former deputy finance minister Mcebisi Jonas.

News24

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