Scopa chair Themba Godi unhappy with KPMG representations

Auditing firm KPMG appeared before Parliament’s Standing Committee on Public Accounts (Scopa) on Thursday morning to explain why it should continue to receive government work.

The auditing firm made R400m from government business last year alone. KPMG SA is in a fight for its survival after its recent retraction of a report into the so-called Sars rogue unit.

Themba Godi, chair of Scopa, says he summoned KPMG to Parliament because it has done a lot of work for state institutions and is paid through public money.

They had to convince us that they are still a worthy partner to be use by government institutions.

Themba Godi, Chair of Scopa

Godi says KPMG's representations were not satisfactory, adding that their submission on the Sars report withdrawal, raised more questions than it provided answers.

To hear more from the Scopa chair, listen to the audio clip below:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
KPMG: No legal expertise to back up Sars report conclusions

KPMG: No legal expertise to back up Sars report conclusions

Audit firm KPMG appeared before Parliament's Standing Committee on Public Accounts (Scopa) on Thursday morning.

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

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

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

'Wits cannot continue its relationship with KPMG' Adam Habib

'Wits cannot continue its relationship with KPMG' Adam Habib

Vice-Chancellor Adam Habib says KPMG should've done better in acknowledging its mistakes and fixing the wrong done to individuals.

KPMG probe could take up to to three years

KPMG probe could take up to to three years

The IRBA says it is looking to fast track the process to 18 months.

LISTEN: Munich Re on its decision to boot KPMG

LISTEN: Munich Re on its decision to boot KPMG

This comes weeks after Dr Iraj Abedian resigned as director, challenging a decision to wait for KPMG's internal investigation.

Yunus Carrim: Parly committee on KPMG not equipped to carry out investigation

Yunus Carrim: Parly committee on KPMG not equipped to carry out investigation

Yunus Carrim, chairperson of Parliament’s Standing Committee on Finance says, the KPMG matter is very complex.

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

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

The Money Show’s Bruce Whitfield interviews Pan-African Investments and Research Services CEO Dr Iraj Abedian.

Sygnia offers Gupta whistle-blower Bianca Goodson a job

Sygnia offers Gupta whistle-blower Bianca Goodson a job

The Money Show’s Bruce Whitfield interviews Sygnia Asset Management CEO Magda Wierzycka.

IRBA to fast track probe into KPMG's Gupta firm audit

IRBA to fast track probe into KPMG's Gupta firm audit

The focus will be on audit of a Gupta-owned company allegedly involved in using public Free State funds to pay for Gupta wedding.

Trevor Manuel talks corporate responsibility in the era of state capture

Trevor Manuel talks corporate responsibility in the era of state capture

Former finance minister Trevor Manuel has asked where the governance is when everybody is involved in the corruption cesspool.

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.