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KPMG Statement

KPMG Statement

The CEO of KPMG in South Africa has issued the following statement regarding the Ntsebeza Inquiry

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KPMG Statement
“KPMG South Africa believes that the role of a professional service firm such as KPMG is ultimately to serve the public interest. Without credible and trusted professionals in these firms, and auditors in particular, it would simply not be possible for the economy to function in the way it must for our society to succeed.
 
Now more than ever, we need professional services firms to adhere to the codes of conduct of professional bodies and respect the principles of honesty, ethical behaviour, integrity and confidentiality. KPMG South Africa takes these matters extremely seriously.
 
We therefore understand the significant public interest in the matters being investigated by the independent inquiry chaired by Advocate Dumisa Ntsebeza. That is why we called for it to be established, welcome that
it has started and look forward to the publication of its findings.
 
The Inquiry has been given all versions, including the final version, of the report KPMG South Africa provided to the South African Revenue Service. The last version of the report was delivered on 4 December 2015 and was accepted by SARS as being final on 26 January 2016.
 
Access to the full report of the KPMG International investigation, which contains information that it would be illegal to make public, has been provided to the Independent Regulatory Board of Auditors and offered to the Ntsebeza Inquiry.
 
KPMG South Africa is determined to be open and transparent. We are committed to cooperating fully with the investigation and know that fair process is vital for the public to have confidence in its openness and transparency.”
 
Nhlamu Dlomu, CEO of KPMG South Africa.

<p>© 2018 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. &nbsp;Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

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