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 make best use of your year-end bonus

How to make best use of your year-end bonus

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.

The best things to listen to this holiday

The best things to listen to this holiday

What music can do for the soul, podcasts can do for the mind.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

10 most-read articles of 2018 from Bruce Whitfield's The Money Show

10 most-read articles of 2018 from Bruce Whitfield's The Money Show

It's interesting to see which The Money Show articles were most widely read in 2018; a very tough year for the economy.

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
[WATCH] Internet search for talented singer Nosipho is over...she's been found!

[WATCH] Internet search for talented singer Nosipho is over...she's been found!

Khabazela shares tweets and Facebook posts that have gone viral.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

10 advertisements that broke the internet in 2018

10 advertisements that broke the internet in 2018

Some were good, some were great, many were just plain awful. They all went viral.

Mabe faces ANC grievance panel over sexual harassment allegations on Wednesday

Mabe faces ANC grievance panel over sexual harassment allegations on Wednesday

EWN's Clement Manyathela says Pule Mabe is facing a grievance panel to answer to sexual harassment allegations against him.

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Vans' brand manager says although this is a recurring problem its main concern is that this particular "fake" is a very close copy.

 'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

Mail & Guardian Africa editor Simon Allison says its undiplomatic for a Rwandan official to call Sisulu names.

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

Chicken Licken’s latest ad flame-grills the most recent one by Nando’s, says Nicholas Kühne of Wunderbrand.

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.