Audit watchdog Irba weighs KPMG probe
‘At the beginning we did not always obtain the information we required,’ Irba CEO Bernard Agulhas tells MPs
The Independent Regulatory Board for Auditors (Irba) is considering whether to investigate the role of KPMG in the preparation of the report on the "rogue unit" at the South African Revenue Service (SARS). In a briefing to Parliament’s standing committee on finance on Tuesday, Irba CEO Bernard Agulhas said that such an investigation was likely. KPMG International has withdrawn the controversial report because it did not meet the firm’s quality control standards. The report was used as a basis for the attempted prosecution of former finance minister Pravin Gordhan. Agulhas said that the report of KPMG’s forensic investigation into the "rogue unit" had been signed off by a registered auditor and therefore fell within the jurisdiction of Irba. Irba would investigate whether the auditor exercised due care and complied with the applicable standards. DA finance spokesman David Maynier has written to Agulhas to formally request that Irba investigate the conduct of the KPMG auditor responsi...
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