A former KPMG South Africa partner faces six charges from the Independent Regulatory Board for Auditors (IRBA), in relation to the work they conducted for Linkway Trading.
The charges include dishonesty in performance of professional service duties and contravention or failure to comply with certain provisions.
The hearing, which took place at the end of last week, was adjourned and is set to reconvene 4 August to hear oral arguments from the parties. Judgement will then be expected 30 days after this.
The Gupta family owned Linkway trading was one of the companies which were allegedly involved in a scheme to misappropriate government money to fund a member of the Gupta family’s wedding.
The auditors of Linkway trading had signed off the report which had shown that R30m ($2.21m) of government funding was spent on the wedding.
In a statement at the time the scandal was discovered KPMG South Africa said: “We strongly refute allegations that KPMG was involved in, or condoned, any alleged money laundering activities.”
KPMG South Africa has faced a wave of scandals over the past year which has resulted in a reshuffle of the firm’s senior leadership and the loss of government contracts.
Earlier this year, KPMG admitted some of its failings and announced that it was taking measures to prevent further failures which included conducting background checks of all their partners.
