Another one bites the dust as Interwaste drops KPMG
Waste management company Interwaste fired KPMG as its auditor on Thursday, dealing another blow to the accounting firm ensnared in a scandal involving the Gupta family and President Jacob Zuma. Interwaste joins at least seven other clients, including fund manager Sygnia and broker Sasfin, to break ties with KPMG, with KPMG’s own investigation finding flaws in work it did for the South African Revenue Service and the Gupta family, which is accused of using links with Zuma to win government contracts. "The change in audit firm, which is effective immediately, was initiated by the company following the concerns recently raised regarding KPMG," Interwaste said in a statement. Interwaste, a Johannesburg-based company involved in the disposal and recycling of waste from mines and residential homes, has appointed Deloitte as its new auditor. The decision came hours after KPMG SA’s CEO told lawmakers the company would make sweeping changes to ensure the firm did not repeat "greatly disappoi...
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