EDITORIAL: KPMG SA separating its services should be celebrated
Not only is the move lauded, it should replicated to restore confidence in the audit profession in toto
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.