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KPMG makes leadership, governance changes following internal investigation

Jaclyn Jaeger | October 30, 2017

KPMG International has taken several significant actions—including leadership changes, governance changes, and enhanced quality control procedures in certain areas—following an internal investigation concerning KPMG South Africa’s work on behalf of the politically connected Gupta family.

KPMG is just one of several international firms to get entangled in a widespread corruption scandal involving the Gupta family in South Africa. Specifically, various allegations have been raised concerning KPMG South Africa’s work on behalf of the Gupta family and work performed in 2014 and 2015 on the “Report on Allegations of Irregularities and Misconduct,” which KPMG South Africa produced for the South African Revenue Service (SARS) report.

“While the investigation did not identify any evidence of illegal behaviour or corruption by KPMG partners or staff, this investigation did find work that fell considerably short of KPMG’s standards,” KPMG stated.

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