Registration of KPMG at risk over Gupta audit
The Independent Regulatory Board for Auditors may‚ in terms of the Auditing Profession Act and following a disciplinary hearing‚ impose a warning‚ a fine or cancel an audit practitioner’s registration where improper conduct is found.
The board is now investigating KPMG’s 2014 audit of Linkway Trading‚ which paid for the R30m Gupta wedding at Sun City in 2013‚ using money meant to develop Free State farmers.
On Friday‚ the amaBhungane Centre for Investigative Journalism reported that the leaked Gupta e-mails revealed how money from the Free State provincial government had flowed via Free State company Estina to Gupta-owned Accurate Investments in Dubai and then on to Linkway Trading.
Source: Tiso Black Star Group Digital.
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