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

Picture: Supplied.

The brand KPMG is corrupted and synonymous with abuse… To keep it alive is not a good business decision…

Dr Iraj Abedian, Pan-African Investments and Research Services

International re-insurer Munich Re’s African unit has dropped KPMG as its auditor.

Many companies – including Sasfin and Sygnia Asset Management – are severing ties with KPMG.

The Reserve Bank has cautioned state firms not to cut ties with KPMG SA, saying it’s one of only four major auditing companies in the country and it needs to survive.

Pan-African Investments and Research Services CEO Dr Iraj Abedian vehemently disagrees.

The Money Show’s Bruce Whitfield interviewed Abedian.

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

They did the right thing, only a month too late. But better late than never.

Dr Iraj Abedian, Pan-African Investments and Research Services

There is literally no systemic risk whatsoever!

Dr Iraj Abedian, Pan-African Investments and Research Services

We should keep the competences that exist with KPMG…

Dr Iraj Abedian, Pan-African Investments and Research Services

There aren’t [just] 10 rotten apples…

Dr Iraj Abedian, Pan-African Investments and Research Services

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