What should KPMG do?

CityPress - - Voices - Raahib Western Cape

KPMG must first be proven guilty. Let us ask all those busi­ness­peo­ple and firms who claim to be so eth­i­cal but ben­e­fited from apartheid busi­ness to also pay back the money to Trea­sury.

Ross Gaut­eng

This vil­i­fi­ca­tion of KPMG on the ba­sis of com­pletely un­sub­stan­ti­ated al­le­ga­tions is un­war­ranted un­til the var­i­ous in­ves­ti­ga­tions prove that they did some­thing wrong. What about the thou­sands of staff and pro­fes­sion­als work­ing there? What about the thou­sands of char­tered ac­coun­tants trained by them an­nu­ally with prob­a­bly well over 50% be­ing black? What about the busi­nesses and au­di­tors of the ac­tual com­pa­nies where the money was stolen? What about the banks who pro­cessed the money? Aren’t they all re­spon­si­ble for Fica on cash flow? It all smacks of com­plete ir­re­spon­si­bil­ity and con­ve­nient sen­sa­tion­al­ism be­cause KPMG is a very vis­i­ble and sen­sa­tional tar­get. Re­port sen­si­bly and let the in­ves­ti­ga­tions run their course.

Marc Gar­diner Gaut­eng

In­di­vid­ual man­agers should be brought to book. The en­tire or­gan­i­sa­tion can­not be pe­nalised for the fail­ure of a few. KPMG needs to re­act quickly though and demon­strate that this type of prac­tice is not part of the com­pany ethos. Any prof­its from the Gup­tas should be made avail­able to those wish­ing to fol­low a ca­reer in ac­count­ing.

Ken Gaut­eng

KPMG should take its hid­ing hon­ourably and re­turn the Gupta fee money to the SA Rev­enue Ser­vice.

Peace Muguza Gaut­eng

The au­dit in­dus­try is cor­rupt with the Big Four be­ing used to clean up dirty com­pa­nies. KPMG should do­nate the money.

Richard An­gus Gaut­eng

The facts from staff at KPMG point to the se­nior part­ners be­ing aware that mat­ters were ques­tion­able.

An au­dit firm should not only be in­de­pen­dent, it should also be seen to be in­de­pen­dent. KPMG has failed mis­er­ably on this score.

Jennifer Western Cape

Any au­dit­ing com­pany cov­er­ing up fraud­u­lent or sus­pi­cious ac­tiv­i­ties should be closed down and the guilty part­ners jailed.

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