KPMG to be investigated for audit of company linked to Gupta wedding scandal
The Independent Regulatory Board for Auditors will scrutinise KPMG’s alleged involvement in the Gupta wedding scandal
The Independent Regulatory Board for Auditors said on Friday that it will investigate KPMG’s 2014 audit of Linkway Trading, the company alleged to be involved in the Gupta wedding scandal. The IRBA has the authority to initiate such investigations without receiving a formal complaint. Bernard Agulhas, CEO of the IRBA said the board had not received a formal complaint about the matter but decided to launch an investigation following media reports about KPMG’s involvement with Linkway at the time of the controversial wedding.