CAPE TOWN - KPMG’s CEO Nhlamu Dlomu, was seen dodging serious and tough questions at Thursday’s briefing to Parliament’s standing committee on public accounts.
The firm came under fire for failing to respond to multiple red flags while doing work for the Guptas over 14 years.
The company was said to have audited 35 companies belonging to the Guptas.
KPMG was also roasted for creating a crisis in the country with its SARS rogue unit report, which implicated former finance minister Pravin Gordhan.
The unit was accused of conducting covert intelligence operations under "Project Sunday Evenings"‚ with its members allegedly spying on‚ among others‚ the National Prosecuting Authority.
The report was partly instrumental in the downfall of former finance minister Pravin Gordhan‚ who was accused of knowing and endorsing the "rogue unit".
The withdrawal of some aspects of the SARS so called “Rogue Unit” report calls into question the integrity of KPMG as an auditing firm entrusted to do business with the state.
Another scandal that broke this week was when a Botswana Sunday paper published an allegation made by the liquidator, John Little, of Kingdom Bank Africa.
Little accused the auditing giant of misconduct by continuing to sign off its books even after the collapse of the bank two years ago.
KPMG has promised to come clean on a number of issues and has set up an independent inquiry into a number of its dealings.
Let's take a look at how Twitter reacted to the scandals surrounding KPMG:
And while #KPMG is being fitted for a coffin, the sounds you hear from PWC, Deloitte, Ernst etc are paper shredders & formatting hard drives
- BUSINESS REPORT ONLINE