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updated Mon. June 10, 2024

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“KPMG South Africa reached a settlement with the SEC on a matter dating from 2013 and 2014, when KPMG South Africa relied on audit work performed by KPMG Zimbabwe which was not registered with the PCAOB," said a statement forwarded by KPMG International spokesman Brian Bannister.

KPMG International was treating the document as privileged and confidential. The inquiry, chaired by advocate Dumisa Ntsebeza, started public hearings in Johannesburg on Monday. The Ntsebeza inquiry is looking at South African Institute of Chartered Accountants members employed by KPMG whose ...
As a result of the KPMG International report into the KPMG SA report, nine senior executives, including former CEO Trevor Hoole, resigned. According to the source, Van Loggerenberg told the inquiry that without these records the inquiry would not be able to unearth all the facts, and he and other former ...


 

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