The Business Leadership SA (BLSA) board has suspended KPMG's membership, pending the probe into the firm's conduct related to the work it did for the Guptas and the South African Revenue Service (SARS) report on the so-called rogue unit. The Independent Regulatory Board for Auditors (IRBA) is conducting its own independent investigation of KPMG. In addition to this, the South African Institute of Chartered Accounts (Saica), the industry body for the profession, will on Friday make announcements regarding its own investigation into its members employed at KPMG. BLSA said it wanted emphasise that its members remained unfettered in their individual engagements with KPMG. While BLSA recognised the "considerable steps" announced by KPMG to change its leadership and commence a process of cultural change, it said: "It cannot, however, look past the gravity of their conduct which is completely inconsistent with the values of BLSA, contained in our Integrity pledge. We must live by exampl...
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