LETTER: KPMG apology not enough
Who better than an auditor to know what was going on with a person, state department or company's finances?
It may sound all very proper for KPMG chair Wiseman Nkuhlu to openly apologise for KPMG’s failure to fulfil its audit mandate in its duties at VBS Mutual Bank (KPMG chair says sorry for damage done to SA, December 11). It is not sufficient. Were they not accomplices in a crime? Should they then not be charged for knowingly participating in a crime? After all, who better than an auditor to know what was going on with a person, state department or company's finances? It is hopelessly inadequate for Nkuhlu to say “sorry”. It was not a “mistake”, as Nkuhlu would have us believe in his “apology”. An apology is not nearly enough. Nor can KPMG buy its way out by making a large donation. It was a deliberate contravention of audit integrity. Such integrity involves old-fashioned honesty and frankness, not public relations jargon. These failures have shown how easy it is to “play ball” to retain lucrative contracts, which in turn can lead to other such contracts. Just bend the truth. It has b...
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