NEWS & ANALYSIS

We told KPMG International what we thought of KPMG SA's conduct - Gordhan & Jonas

Further steps need to be taken before firm claws-back respect of both corporates and public

Pravin Gordhan and Mcebisi Jonas

In response to a request from the global chairperson of KPMG International, Mr John Veihmeyer, Mr Pravin Gordhan and Mr Mcebisi Jonas met with a delegation led by Mr Veihmeyer.

We indicated that while we have agreed to meet KPMG , we reserve our legal rights.

We shared our strong feelings and disapproval of the manner in which KPMG SA has been involved in the validation of state capture and corruption in respect of both Sars and the Gupta companies.

We insisted on full and proper disclosure of the role of various parties in state capture and the manner in which KPMG staff seem to have colluded in these processes - including, the complete disregard shown by management of KPMG.

The KPMG delegation asked that we recognize their commitment to SA.

Clearly, given the inadequacy of their earlier statement, the further steps KPMG takes to be more open and frank with South Africans will determine whether KPMG can earn the respect and confidence of both corporates and the South African public in the firm and the audit profession.

Statement issued by Pravin Gordhan and Mcebisi Jonas, 21 September 2017