KPMG SA, for so long the poster child of all that went wrong in the auditing profession during the state-capture era, is now emerging as the leader in best practice and attempting to rebuild public trust in the integrity of the audit industry.

While the Sars “rogue unit” report was its most infamous contribution to the creation of a parallel shadow state and the gutting of the country’s law enforcement capability, the firm became the target of “unrelenting public anger” for its role as auditor and corporate adviser to the Gupta companies and as the delinquent custodian fundamental to the great bank heist of VBS Mutual Bank. ..

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