IRBA gives update on KPMG investigation

JOHANNESBURG – The Independent Regulatory Board for Auditors (IRBA) investigation into audit firm, KPMG, is multi-faceted and has extended into a number of lines of investigation, beyond the initial investigation into the audits of Linkway Trading (Pty) Ltd and the SARS Report, according to Bernard Agulhas, CEO of the IRBA.

“The IRBA investigation is completely independent of the Ntsebeza enquiry initiated by the South African Institute of Chartered Accountants (SAICA). At the time that SAICA indicated it would pursue an independent enquiry, the IRBA cautioned of possible confusion in the marketplace about the nature, scope and findings of two different …read more