KPMG Gupta auditors sanction hearing next week
Irba’s disciplinary committee has reached a decision on Jacques Wessels, but it has not yet been made public
The Independent Regulatory Board for Auditors’ (Irba) disciplinary committee will hold a sanction hearing for a former KPMG partner who audited the controversial Gupta family’s accounts. Irba’s disciplinary committee has reached a decision on Jacques Wessels, but it has not been made public. The former KPMG partner was informed of the committee’s decision last year. Wessels, who was the lead partner for non-listed Gupta entities, is alleged to have ensured that Linkway Trading dodged paying Sars just more than R2m. He resigned from KPMG before the company could take its own disciplinary action against him. Wessels faced the Irba disciplinary committee in December when he admitted to being negligent during the audit of Linkway, passing off costs for the family’s lavish Sun City wedding event as a business expense. Wessels admitted to being negligent during the audit of the Gupta company but denied that he had been dishonest or had helped the family evade taxes. KPMG found itself embr...
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