Ties with KPMG un­der re­view

The Star Late Edition - - COMPANIES -

BAR­CLAYS Africa Group is re­view­ing its re­la­tion­ship with KPMG. Absa met with KPMG, KPMG In­ter­na­tional and the com­pany’s lawyers and was given pre­lim­i­nary feed­back on some as­pects of the au­dit­ing firm’s in­ter­nal in­ves­ti­ga­tion into its Gupta work, the bank said in re­sponse to ques­tions yes­ter­day. KPMG told Absa that it will pro­vide more de­tails when it presents the find­ings of its probe by the end of Septem­ber, Bar­clays Africa said. “Af­ter care­fully con­sid­er­ing the fur­ther in­for­ma­tion re­quested and the find­ings, Absa will be in a po­si­tion to make a de­ci­sion as to whether to con­tinue to en­gage KPMG as its ex­ter­nal au­di­tors,” the lender said. – Bloomberg

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