KPMG client? Should you fire them? Wits, Parly, Sygnia, Sasfin and others did...

KPMG's Johannesburg offices. Picture: kpmg.com/za

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Also read:

*Sygnia offers Gupta whistle-blower Bianca Goodson a job

*KPMG must die, says Dr Iraj Abedian (after Munich Re dumps it)

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Because of the culture of an organisation a bad apple can get away with being a bad apple.

Dr Gavin Price, Gordon Institute of Business Science

Your auditing firm is not like your grocer… You have a profound judiciary, trust-based relationship with this entity. Any action on their part that compromises your perception of the trust in them… calls into question whether or not they ought to be signing your accounts.

Dr Gavin Price, Gordon Institute of Business Science

Disgraced auditing firm KPMG (in South Africa) is losing clients fast.

The University of Witwatersrand, Parliament, the Parmed board‚ the African branch of the Germany's Munich Re‚ Sygnia Asset Management‚ Sasfin, Hulisani…

The list is long, and may yet grow longer.

If you are a client of KPMG, what should the ethical considerations be when deciding to cancel or keep doing business with them?

The Money Show’s Bruce Whitfield interviewed Gordon Institute of Business Science Senior Lecturer Dr Gavin Price.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

You can have something in the middle… You may call a meeting to figure out whether they are worthy to be your auditors…

Dr Gavin Price, Gordon Institute of Business Science

You have the responsibility to look after your stakeholders.

Dr Gavin Price, Gordon Institute of Business Science

It has to go beyond an investigation and getting rid of those directly responsible.

Dr Gavin Price, Gordon Institute of Business Science

It’s not limited to 10 or so folk. It’s part and parcel of a corporate culture…

Dr Gavin Price, Gordon Institute of Business Science

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Also read:

*Sygnia offers Gupta whistle-blower Bianca Goodson a job

*KPMG must die, says Dr Iraj Abedian (after Munich Re dumps it)

--

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This article first appeared on 702 : KPMG client? Should you fire them? Wits, Parly, Sygnia, Sasfin and others did...


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