KPMG International – Statement on South Africa Investigation
John Veihmeyer, Chairman, and Bill Thomas, Chairman Elect of KPMG International, today announced an independent investigation into work performed by KPMG South Africa in respect of the Gupta family and the SARS report.
John Veihmeyer said:
“Given the significance of the issues involved in this matter to the country of South Africa, and the damage our actions have caused, the public deserves to know the full facts as quickly as possible. That includes not just what, but why they occurred. That is why there will be an independent investigation to provide the full and frank disclosure the South African public deserves.
“As a first step, we announced a set of significant actions last week. But we recognise that we need to do much more to restore trust with South Africa.
“The investigation will be led by a senior South African legal figure, who is completely independent of both KPMG South Africa and KPMG International. We are in active discussions to identify a credible, senior, independent legal figure to lead the investigation. The leader of the investigation, along with the scope, terms of reference and proposed timeline will be announced very shortly. Our preference is for the investigation to be completed as quickly as possible.