KPMG auditing standards concern South African central bank
22 Sep 2017

South Africa’s central bank said it’s concerned about the quality of internal controls at KPMG LLP after the global auditing firm admitted that work for the politically-connected Gupta family was below the required standard.

“We have noted with concern the regrettable auditing practices and serious errors of judgment that occurred at KPMG,” Governor Lesetja Kganyago told reporters on Thursday.

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