eNCA | Auditor General says will continue using KPMG
JOHANNESBURG – The Auditor General will continue using the services of KPMG South Africa pending investigation in to the firm’s work in the country.
Kimi Makwetu and his team met with KPMG representatives on Friday.
They decided to continue using KPMG on audits that are currently allocated to the firm.
“While we are awaiting the outcome of the above investigations, the Auditor General will continue to secure the services of KPMG SA, limited to the audits currently allocated to them. This arrangement will be in place as an annual allocation rather than a two-yearly allocation of audit work as is current practice with all firms we contract with. This will be reviewed subject to the outcome of the pending investigations,” the Auditor General said in a statement.
Earlier this month, KPMG withdrew its findings and recommendations from the controversial SARS report on the intelligence unit.
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The firm also admitted it made mistakes when working for Gupta-linked companies.
KPMG has since lost several clients and other companies are reviewing their relationship with the firm.
eNCA