GOVT CUTS TIES WITH KPMG, NKONKI

The Witness - - NEWS -

CAPE TOWN — Au­di­tor-Gen­eral Kimi Mak­wetu yes­ter­day an­nounced his of­fice’s de­ci­sion to ter­mi­nate, with im­me­di­ate ef­fect, the au­dit­ing con­tracts with KPMG and Nkonki Inc with the gov­ern­ment.

The two be­lea­guered com­pa­nies had been do­ing pub­lic sec­tor au­dits on be­half of the Au­di­tor-Gen­eral of South Africa, the AG said in a state­ment.

Au­dit­ing firm KPMG has been ex­pe­ri­enc­ing a har­row­ing few days, fol­low­ing the res­ig­na­tion of two part­ners fac­ing in­ter­nal dis­ci­plinary charges and the an­nounce­ment that it would re­view all the work done by its part­ners over the past 18 months in a bid to re­gain pub­lic trust.

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