Beleaguered auditing firm KPMG has announced it is to carry out an 'unprecedented' review of up to two-hundred audits it has completed over the last two months.
This comes after two of its partners resigned on Friday after being suspended for failing to disclose financial interests with VBS bank.
We have to do this to reassure ourselves and our clients that nothing new is going to surprise them, to disappoint them in the coming months.— Professor Wiseman Nkuhlu, KPMG Chairperson
The company's reputation took a nose-dive last year following allegations of misconduct around work it had carried out for a number of Gutpa-linked companies.
Professor Nkuhlu says they are working very hard to rebuild the image of KPMG.
We are conducting integrity checks and we are going to open a hotline for people who feel like they were compelled, for whatever reason, to approve work that was not up to standard.— Professor Wiseman Nkuhlu, KPMG Chairperson
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How will KPMG repair it's image? Listen below: