Streaming issues? Report here
Aubrey Masango 1500 x 1500 2020 Aubrey Masango 1500 x 1500 2020
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Politics
fiber_manual_record
Local

'KPMG allowed itself to be used to justify actions that had already been taken'

22 September 2020 7:48 AM
Tags:
Gupta
SARS
KPMG

Professor Wiseman Nkuhlu reflects on his new book titled Enabler or Victim: KPMG SA and State Capture.

In 2017 KPMG was embroiled in a Gupta-linked corruption scandal and the capture of SAR that rocked the auditing sector including unethical conduct with VBS.

In the wake of sate capture and Gupta-linked scandals and at the risk of damaging his own reputation, professor Wiseman Nkuhlu was brought in to clean up the mess at the audit firm as a chairman.

RELATED: KPMG probe could take up to to three years

Nkuhlu has since written a book to describe his experience as chairman of KPMG during the turbulent period the firm experienced.

He joins Bongani Bingwa to chat about his book titled Enabler or Victim: KPMG SA and State Capture.

When you have been a member of a profession for over 40 years and when the profession falls into disrepute, you decide to get involve and help repair its reputation.

Professor Wiseman Nkuhlu, Chairman - KPMG

One of the decisions that have been made by KPMG is to contribute to reparations to current and former employees who were purged at the South African Revenue Service (Sars).

Nkuhlu says when he got involved and spoke to a number of people, who said much as the KPMG report was finalised after senior executives had been forced to leave Sars.

We were told that a number of people were traumatised by the process of the investigation. In that Sars executives forced them to make statements, so as part of dealing with the report, KPMG should consider reparations.

Professor Wiseman Nkuhlu, Chairman - KPMG

He says there were a number of contributers to the damage to Sars and the KPMG Sars report was used to justify actions that were already taken, he says.

KPMG allowed its brand to be used to justify actions that had already been taken. I felt that they put KPMG at the line of fire which caused damage to KPMG reputation.

Professor Wiseman Nkuhlu, Chairman - KPMG

Listen below to the full conversation:


22 September 2020 7:48 AM
Tags:
Gupta
SARS
KPMG

More from Politics

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Govt set to review Regulation 28 - 'not necessarily bad for retirement funds'

29 October 2020 6:51 PM

Are prescribed assets on the cards again? Bruce Whitfield interviews Emda Fourie (Momentum Consultants and Actuaries).

Share this:
Read More arrow_forward

zondo-rayjpg

Deputy Chief Justice Raymond Zondo clears air over link with Zuma's ex-wife

29 October 2020 4:56 PM

Zondo says he had a relationship in the 1990s with the sister of Thobeka Madiba, who married the former president years later.

Share this:
Read More arrow_forward

malema-ddlozi-image7jpg

Court sees video showing Malema’s vehicle had accreditation to enter cemetery

29 October 2020 2:13 PM

The EFF leader and the party’s PM Mbuyiseni Ndlozi were in court on Thursday for day two of their assault trial.

Share this:
Read More arrow_forward

South African Airways SAA 123rf 123rfbusiness

Numsa welcomes Mboweni decision to give SAA wings with a further R10.5 billion

29 October 2020 1:20 PM

Gareth Newham of ISS says giving priority to fund an airline we don't need using money for services needed doesn't make sense.

Share this:
Read More arrow_forward

Duduzane Zuma

I have no regrets working with the Guptas - Duduzane Zuma

29 October 2020 11:52 AM

Zuma, in an interview with Newzroom Afrika on Thursday morning, said people had what he called ‘a crazy infatuation’ with his former business associates.

Share this:
Read More arrow_forward

mtbps-2jpg

MTBPS: Inside the R500-bn fiscal relief package

29 October 2020 11:05 AM

Finance Minister Tito Mboweni has detailed initiatives by the government to provide fiscal relief worth more than R500 billion.

Share this:
Read More arrow_forward

201028 Mboweni1

PSA threatens shutdown for months if public wage demands are not met

29 October 2020 7:47 AM

Assistant general manager Rueben Maleka reflects on Finance Minister Tito Mboweni's MTBPS on Wednesday.

Share this:
Read More arrow_forward

201028 Mboweni1

SA faces debt trap warns Mboweni, departmental budget cuts to fund SAA bailout

28 October 2020 7:08 PM

Is National Treasury not robbing Peter to pay Paul? Bruce Whitfield gets reaction to the Medium-Term Budget Policy Statement.

Share this:
Read More arrow_forward

20200903ddmabuzajfif

Mabuza not aware of any investigation involving him - Presidency

28 October 2020 5:25 PM

His office has noted the media coverage on the arrest of about 11 people, for alleged fraud during 2011 and 2012 in Mpumalanga.

Share this:
Read More arrow_forward

191030-mboweni-edjpg

[WATCH LIVE] Mboweni unpacks Medium-Term Budget Policy Statement

28 October 2020 1:00 PM

How much wiggle room does Finance Minister Tito Mboweni actually have will as he delivers his 2020 MTBPS today?

Share this:
Read More arrow_forward

More from Local

20182210 VBS_9.jpg

VBS liquidation: More than 5,000 'small' depositors haven't claimed their money

29 October 2020 7:37 PM

The liquidation of the disgraced VBS Mutual Bank is gaining momentum. Bruce Whitfield speaks to Denzel Bostander from Sarb.

Share this:
Read More arrow_forward

maponya-mall-grantsjpg

Government can give SAA R10.5bn, let the caregiver grant continue - Black Sash

29 October 2020 4:35 PM

The Pretoria High Court is set to hear an urgent application against the South Africa Social Security Agency.

Share this:
Read More arrow_forward

malema-ddlozi-image7jpg

Court sees video showing Malema’s vehicle had accreditation to enter cemetery

29 October 2020 2:13 PM

The EFF leader and the party’s PM Mbuyiseni Ndlozi were in court on Thursday for day two of their assault trial.

Share this:
Read More arrow_forward

Car vehicle theft 123rf

Beware! Thieves use new vehicle tracker scam to steal cars

29 October 2020 1:54 PM

Tracker South Africa operational services executive Ron Knott-Craig gives advice as to how to avoid vehicle tracker scammers.

Share this:
Read More arrow_forward

Duduzane Zuma

I have no regrets working with the Guptas - Duduzane Zuma

29 October 2020 11:52 AM

Zuma, in an interview with Newzroom Afrika on Thursday morning, said people had what he called ‘a crazy infatuation’ with his former business associates.

Share this:
Read More arrow_forward

Felicia Mabuza Suttle

I say the dusty streets of Soweto in a loving spirit - Felicia Mabuza-Suttle

29 October 2020 11:50 AM

Felicia Mabuza-Suttle shares all about her upbringing, working in the entertainment industry dominated mostly by men from the 80s.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

I say big ups to public sector salary freeze - Callers debate the mini budget

29 October 2020 10:50 AM

Listeners debate whether the wage bill increase being frozen in the next three years is a good or bad idea.

Share this:
Read More arrow_forward

car-insurancejpg

What happens if you've skipped an insurance payment and you're in an accident?

28 October 2020 8:25 PM

A policy holder has an automatic 15-day grace period. Make sure you know how it works, warns consumer ninja Wendy Knowler.

Share this:
Read More arrow_forward

WhatsApp Image 2020-10-28 at 14.23.25.jpeg

REACTIONS: Analyst gives thumbs up to Mboweni's bid to get debt under control

28 October 2020 4:53 PM

Old Mutual Wealth's Izak Odendaal says the first step in solving a problem is admitting that there is one.

Share this:
Read More arrow_forward

handcuffs-law-arrest-justice-crime-perpetrator-suspect-case-police-123rf

Top police officials among 28 arrested for firearms licensing fraud, corruption

28 October 2020 2:27 PM

Spokesperson Brigadier Vish Naidoo the police are also looking at the possibility of investigating money laundering.

Share this:
Read More arrow_forward