KPMG SA says two partners resign after facing disciplinary charges

A pirated compact disc of Microsoft’s Windows 10 can be bought for around $2 in New Delhi

A pirated compact disc of Microsoft’s Windows 10 can be bought for around $2 in New Delhi

In a media statement released by KPMG on Friday, the firm said that both cases were connected to VBS Bank and the partners failure to comply with the firm's policies.

"If there are any matter required to be reported to the authorities, we'll do so".

"This is shocking and disappointing for us", Dlomu said. Standard Bank was awaiting the outcome of the Bowmans investigation before deciding on its future relationship with KPMG, said group financial director Arno Daehnke.

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Dlomu admitted KPMG had lost clients amounting to "less than 10%" of its client book as well as losing a number of partners that resigned to move on to other firms in the wake of the revelations that came to light in September past year. This is particularly necessary given the revelation yesterday that two partners, Sipho Malaba and Dumi Tshuma, had resigned when faced with disciplinary charges.

Malaba was the engagement partner of the firm with VBS Mutual Bank and, as such, was responsible for conducting and signing off the audit.

She says it's unfortunate that the resignations were tendered before disciplinary action could be taken. That the executive worked alongside many others from KPMG and Deloitte, and there were several reviews of the work, contributed to Nedbank's assurance, Brown said.

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He also hosted the History Channel programs Mail Call , answering questions about military issues; and Lock N' Load with R. In 2010, he told TMZ he was sacked from a Geico commercial for saying President Obama "impose socialism" on the U.S.

The investigation follows the curator's report that signalled possible fraudulent reporting and transactions to extract money from VBS to further the personal interests of certain individuals and companies.

KPMG has suffered severe damage to its reputation following allegations of misconduct in the work the auditing firm did for Gupta-linked companies.

The auditing firm has been embroiled in a number of scandals recently.

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The DA welcomes the announcement by KPMG Chairperson Wiseman Nkhulu of a broad scale review of all KPMG's work in the past 18 months.

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