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

KPMG's Johannesburg offices. Picture: kpmg.co.za

--

Also read:

*Sygnia offers Gupta whistle-blower Bianca Goodson a job

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

--

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

--

Also read:

*Sygnia offers Gupta whistle-blower Bianca Goodson a job

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

--

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to build a business that will survive constant technological change

How to build a business that will survive constant technological change

The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.

How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

Will Government hit punch-drunk South Africans with more tax hikes in 2019?

Will Government hit punch-drunk South Africans with more tax hikes in 2019?

Revenue collections are surprisingly good, so far, thanks to the VAT hike. Bruce Whitfield interviews PwC's Kyle Mandy.

9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

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.

Popular articles
Sucking titties does not cure cancer, it detects it - Lillian Dube

Sucking titties does not cure cancer, it detects it - Lillian Dube

Actress, Cancer survivor and activist Lillian Dube shares why she decided to be a cancer activist.

Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.