Imperial Holdings will cut ties with disgraced auditing company KPMG if investigations initiated by the Independent Regulatory Board of Auditors and the SA Institute of Chartered Accountants provided inadequate explanations of KPMG’s role in “state capture”.
KPMG provides services to Imperial amounting to R13 million per year.
The Money Show’s Bruce Whitfield interviewed Imperial Holdings CEO Mark Lamberti.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
It’s embarrassing… Nothing from our prosecuting authorities!— Mark Lamberti, Imperial Holdings
What concerns us is the Sars report… It should’ve been scrutinised, in my view, by KPMG international…— Mark Lamberti, Imperial Holdings
Everyone must think twice before using KPMG.— Mark Lamberti, Imperial Holdings
This article first appeared on 702 : Imperial to dump KPMG