Thu, 21 Sep 2017 10:58:27 +0000 The very existence of international audit firm KPMG has come into question following the decision of the South African Revenue Service (Sars) recommendation to the government that the firm should be blacklisted. According to the Tuesday 19 September 2017 edition of the South African Financial Daily; Business Report, Sars Commissioner Tom Moyane has announced that the revenue service would in addition to recommending to the government to black list KPMG also report the audit firm to the relevant statutory audit bodies both locally and internationally. KPMG admitted on Friday 15 September 2017 in a media statement that it had failed to apply its own risk management and quality controls and that part of the report it prepared on Sars which refers to conclusions, recommendations and legal opinions should no longer be relied upon. Moyane who addressed the media in reaction to the KPMG media statement, said that Sars would […]
