KPMG's woes hit accounting students
As more and more clients sever ties with the audit firm, will students completing articles there cobble together enough work hours?
The stench trailing KPMG — for its role in allegedly helping the Gupta family capture the state — is having a knock-on effect, most recently hitting students working towards a chartered accountant (CA) qualification. BCom graduates placed on the audit firm’s three-year articles programme fear that the loss of its clients will affect their ability to complete their qualification. There’s a related fear that recruitment agents may look a little less favourably at a CA who has come through the KPMG ranks. For graduates, it’s not enough to be articled to a firm and hang around their offices for three years. Getting the CA (SA) qualification requires a minimum of 3,600 "core hours" spent with a client.The process also requires making it through two sets of "board" exams, set by the SA Institute of Chartered Accountants (Saica). Nhlamu Dlomu, CEO of KPMG SA, says all of the firm’s trainees including the graduates joining in 2018 will be able to complete the core experience hours required....
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