What KPMG’s crisis means for auditing in SA
As the nightmare haunting KPMG deepens, more than 400 of its staff have fled, while clients paying more than R330m in audit fees a year have given the firm the bullet. But this obscures the fact that it is not just KPMG in trouble — the entire auditing profession in SA and elsewhere is in crisis, as much due to shoddy work as it is to unethical behaviour. What is behind this reckoning?
17 May 2018 - 05:00