Gordhan, Abedian ask hard questions about KPMG and McKinsey facing the music
Former finance minister Pravin Gordhan and economist Iraj Abedian have raised questions about the repercussions auditing firm KPMG should face for potentially costing the economy billions through state capture. In a public debate at Wits University in Johannesburg on Wednesday night‚ the two tore into the actions of auditing and financial advisory firms KPMG and McKinsey, which both did work for Gupta-linked companies. The debate‚ which drew hundreds of people to the university’s Great Hall‚ looked at the lessons learnt from the Gupta state capture scandal. Gordhan raised the Independent Regulatory Board for Auditors (Irba) code of conduct around how firms must always act in the public’s interest. "Does the facilitating of the disappearance of billions of rand act in the public interest — and if not, what should be the repercussions? Should the repercussions be equal to the events? Gordhan said all South Africans should become "revolutionaries", to revolutionise systems to ensure lo...
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