Wits University has decided not to renew its contracts with embattled KPMG for internal auditing and risk management services. The contracts lapse at the end of the 2017 financial year. The university’s council took the decision following a meeting with KPMG and the council’s audit and risk committees. The international auditing and accounting firm has lost a number of clients following allegations over its auditing of Gupta companies and the withdrawal of parts of its report on the so-called rogue unit at the South African Revenue Service (SARS).

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