NEWS

Gauteng Government Looking To Cut Ties With KPMG

The Gauteng provincial government is seeking a legal opinion on whether to review its contracts with the embattled auditor.

30/10/2017 08:48 SAST | Updated 30/10/2017 08:48 SAST
Reinhard Krause / Reuters

The Gauteng provincial government is seeking a legal opinion on whether to review its contracts with embattled auditor KPMG.

Fin24 reported that, in a written reply by Gauteng provincial treasury boss Barbara Creecy to the province's legislature, Creecy said the province had paid KPMG over R4-million since 2013 for audit-related contracts.

Creecy was reportedly asked "whether, in light of the current scandal concerning KPMG, the department and the treasury will continue to make use of KPMG or a consortium where KPMG was a member".

According to Fin24, she responded: "The Gauteng provincial government, subject to a legal opinion which is being sought, will determine a provincial position on whether to review contracts undertaken by KPMG."

More than a dozen companies and organisations have cut ties with KMPG after an investigation revealed alleged ill-practice with work it conducted for the Guptas and the SA Revenue Service.