RESTORING TRUST
JOHN DLUDLU: KPMG needs surgery to exorcise demons
‘CEO Nhlamu Dlomu needs a credible independent inquiry into what occurred, who the actors were and how long it has been going on’
For a business to business it’s quite amazing how many individuals have been ruined by KPMG, the disgraced auditing firm. Just as surprising has been its clumsy response to the crisis that has engulfed it. After months of piecemeal diversionary tactics including internal reviews, in September it let go of its mahogany row including CE Trevor Hoole. And, curiously, it withdrew portions of a report it prepared for the South African Revenue Service (SARS) in respect of its alleged rogue spy unit and offered to pay back the fees it received from the tax-collecting authority.The response also included the appointment of Nhlamu Dlomu as CE. As part of her first act, poor Dlomu has had to facilitate private sessions in which KPMG offers personal apologies to special victims of its skulduggery including former finance minister Pravin Gordhan and former SARS officials such as Ivan Pillay and members of the so-called spy unit. The less special victims including a friend who was harassed out o...
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