No more work for KPMG until Irba probe is done, Telkom says
Any contracts under way with the disgraced consulting firm will be completed and their expiration dates will stand, Telkom said in an e-mail to staff
Telkom, SA’s largest landline operator, will not award any new business to KPMG’s local unit pending the outcome of an investigation into the firm by the Independent Regulatory Board for Auditors (Irba). Any contracts under way with the consulting firm will be completed and their expiration dates will stand, Telkom said in an e-mail to all staff. A further decision will be made when the probe by Irba into work for the Gupta family has been concluded. “The recent media reports surrounding KPMG SA and allegations around the conduct of some of its employees have been met with great concern,” Telkom told staff. “Telkom conducts a substantial amount of business with KPMG and has taken the events very seriously.” Irba started its investigation after KPMG released the findings of an internal report into work done for the Guptas. The firm’s probe found that the work fell “considerably short” of its own standards. The Guptas and Zuma have denied wrongdoing, while KPMG’s investigation did not...
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