Indications are that KPMG SA may be riding into the sunset considering all the clients that have already severed business relationships with it, those threatening to and the further threat of a backlash from the public sector. I doubt the firm will ride through it all. It ought not to — if only to set an example to others who sacrifice professional ethics on the altar of expediency. What informed the KPMG business strategy after its role in the Shabir Shaik/Jacob Zuma trial a few years ago, and has worked for it thus far, is what is about to condemn it to the trash heap of history. Some of us in the professional services industry feared for the firm after its presentation of forensic evidence at the trial did not convict both the allegedly corruptly connected parties and one of them ascended to the political pole position shortly after. In a political environment where loyalties are rewarded and perceived disloyalties are severely punished, reprisals were certain to be visited on th...
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