KPMG SA says two partners resign after facing disciplinary charges

KPMG SA says two partners resign after facing disciplinary charges

KPMG SA says two partners resign after facing disciplinary charges

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.

AS Roma slag Harry Kane over goal appeal with brilliant video
Cristian Eriksen had beeen awarded the goal but Kane was adamant that got the final touch on the Dane's ball into the box. Mohamed Salah is in the middle of the most prolific scoring season by a Liverpool player since the heyday of Ian Rush.

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.

IPL 2018: Sunrisers Hyderabad cruise to first win at Eden Gardens
For KKR , Sunil Narine picked up 2 wickets while Kuldeep Yadav, Mitchell Johnson and Piyush Chawla all getting one wicket each. Bhuvneshwar returned to the Sunrisers line-up in place of Sandeep Sharma, who had replaced him in the last game.

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.

Chelsea boss Conte throws down gauntlet to his youngsters
Next up is a trip to Burnley on Thursday before a return date with Southampton , at Wembley on Sunday in the Fa Cup semi-final. Two years ago the same happened at Chelsea . "As long as mathematically it is going to be possible, we are going to believe".

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.

Latest News