CONFUSION OVER PROBES
KPMG inquiry: how one and one may make one
KPMG SA and Saica’s CEO do not appear to be on the same page regarding the Gupta inquiries
The independent investigation KPMG International announced into work done by KPMG SA for the Gupta family, and the Ntsebeza inquiry, commissioned by the South African Institute of Chartered Accountants (Saica), are one and the same. Saica CEO Terence Nombembe confirmed this to journalists on Monday. KPMG SA, however, refused to confirm whether the Ntsebeza inquiry was in fact the independent inquiry that KPMG International had promised on September 22. "The Saica terms of reference are different in part from the form of the independent inquiry called by KPMG. We are therefore considering if additional steps need to be taken in light of the statement of September 22," spokesperson Nqubeko Sibiya said. While Sibiya welcomed Saica’s inquiry, it would appear that the Ntsebeza inquiry is far more wide-ranging than KPMG had intended an independent inquiry to be. Announcing plans to institute an independent investigation, after an internal probe led to eight partners leaving the firm, KPMG...
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