KPMG has been linked to auditing the Gupta companies and provided auditing services to Tongaat Hulett which is currently placed under business rescue.
KPMG has signed a confidential settlement with VBS Mutual Bank
KPMG has signed a confidential settlement with VBS Mutual Bank
A new investigative report by Open Secrets highlights once more how consultants greased the wheels of state capture. Big-name global consultancies have been implicated in helping South Africans to capture State-Owned Enterprises to serve corrupt ends.
In The Corporations and Economic Crime: The Consultants, Open Secrets profiles McKinsey & Company, Bain & Company,  and, the Boston Consulting Group (BCG). Three companies that occupy immensely influential seats at the tables of the world’s most powerful corporations and governments.
Please join FM editor Rob Rose and the Open Secrets team for the launch of the The Consultants. We will be discussing the destructive power of BCG, McKinsey and Bain toSouth Africa, and what can be done to hold them to account.Â
Mediated Conversation: auditing firm Deloitte had reached a settlement with the company Tongaat Hulette – over the massive auditing scandal at Tongaat.
Open Secrets’ Michael Marchant reacts to the first part of the State Capture report, and the findings against PwC and Nkonki’s work at SAA.
Unaccountable Special: The Auditors 16 August 2021 | Mamello Mosiana The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are…
This profile is on PwC and Nkonki, the auditors that repeatedly gave SAA a clean bill of health while fraud and corruption soared.
This profile is on PwC and Nkonki, the auditors that repeatedly gave SAA a clean bill of health while fraud and corruption soared.
Open Secrets correspondence with Tongaat Hulett regarding audit failure and fraud revealed in Tongaat’s 2018/2019 Annual Report.