• Register
Return to: Home > News > KPMG investigated by South African regulator

KPMG investigated by South African regulator

South Africa regulator, the Independent Regulatory Board for Auditors (IRBA) has announced earlier this month that it would launch an investigation into KPMG’s 2014 audit of Linkway Trading (Pty), a company owned by the Gupta family who has allegedly used government funds to pay for the wedding of one of the family members.

KPMG ended its 15-year relationship with Linkway Trading in 2015, but IRBA said it would not prevent the investigation to take place.

IRBA CEO Bernard Agulhas said: “While we have not received a formal complaint, we have nevertheless initiated our own probe into the audit of Linkway Trading by KPMG for its audit in 2014. It is important that we take seriously allegations in the public domain, which are in the public interest.”

Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.