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.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.