STATE CAPTURE
Tom Moyane may have to explain at KPMG probe
Saica’s panel set up to investigate KPMG employees could summon Moyane over contentious report
The South African Institute of Chartered Accountants (Saica) has put together a panel with inquisitorial powers to investigate KPMG employees. The panel’s hearings could include summoning South African Revenue Service (SARS) commissioner Tom Moyane over the contentious report the audit firm had produced for the revenue service. KPMG is at the centre of state capture allegations. The fallout over its work for the controversial Gupta family and its report on the alleged rogue unit at SARS led to the departure of nine senior executives, including its former CE, Trevor Hoole. Saica is now targeting individual KPMG employees who are also its members, as the Independent Regulatory Board for Auditors is probing the audit firm as an institution. KPMG has admitted to flaws in its work on Gupta-linked companies and has withdrawn the recommendations contained in its SARS report, which implicated former finance minister Pravin Gordhan. The Saica panel, which will conclude its work in five month...
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