Regulator says one inquiry into KPMG is almost complete
One of the investigations into KPMG — which includes its work for Gupta family-owned businesses, along with its report on the South African Revenue Service’s (SARS) "rogue unit" — is nearly complete, the Independent Regulatory Board for Auditors (Irba) said on Friday. The regulator said it is conducting "a multi-faceted investigation" which had extended into a number of lines of investigation, beyond the initial investigation into the audits of Linkway Trading, which was allegedly used to channel R30m of taxpayers’ money to fund the infamous 2013 Sun City Gupta wedding. KPMG has been at the centre of state-capture allegations. The fallout over its work for the Guptas and its SARS report led to the departure of nine senior KPMG executives, including former CEO Trevor Hoole.