Monday, September 23, 2024

KPMG bosses to be questioned by SA’s parliament

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Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

The South African parliament has announced on Monday that it intends questioning officials of the auditing firm KPMG over tax related matters.

The chairman of the standing committee on public accounts (Scopa) in the South African parliament, Themba Godi said in a statement that the questioning is over “unexplained withdrawal” of a report for the tax service.

“Scopa intends to call KPMG to clarify its conduct and to justify why it should continue doing business with the state,” chairman said.

On Friday the company in a statement said its South African chief executive, chairman and six top partners had resigned.

“KPMG International has conducted a comprehensive investigation. While the investigation did not identify any evidence of illegal behaviour or corruption by KPMG partners or staff, this investigation did find work that fell considerably short of KPMG’s standards. Based on the results of this investigation, significant actions have been taken.” the statement said

The Guptas have been a point of controversy in South Africa as they face allegations of illegally influencing government contracts.

KPMG is to donate the $3 million it earned in fees from Gupta-controlled firms to charity.

Source: Africafeeds.com

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