KPMG South Africa apologises for scandals, seeks second chance

[BusinessTech]

KPMG South Africa apologises for scandals, seeks second chance

KPMG LLP, the auditor that shed clients and staff after scandals in South Africa, apologises for its “misdeeds” and wants a second chance to reestablish its business in the country, Chairman Wiseman Nkuhlu said.

 

[Pox]

Lol. No.

 

[Deadmanza]

GFY!

 

[Ancalagon]

They were criminally negligent and should be charged with all sorts of crimes including fraud and perjury.

How can you be an auditor if you are not trustworthy? Just shut the whole company down and charge everyone involved.

 

[Zukat]

The only second chance they should get is to go to prison for the criminal acts they committed.

 

[namzsteve]

The only second chance they should get is to go to prison for the criminal acts they committed.

your profile photo says it all lol.

 

[Compton_effect]

oh **** off

 

[HeftyCrab]

Lol, no.

Also, theyre still busy shedding some of the bigger clients.

The whole idea of the Auditing profession has always been a joke to me. Pay someone to have a look at your books and say that youre clean.

No conflict of interest at all, amirite? /s

 

[yebocan]

“misdeeds” ...hahahahaha....****ing the country over while coining it, yeah sure....mis ****en deeds

 

[Cius]

No, going soft on this would only encourage it more. You guys need to learn this lesson periodically. I guess Arthur Anderson was too long ago. You are next. Face the consequences, die out in SA, and perhaps that will keep the rest honest for a period of time.

 

[Zoomzoom]

The company is one of a number of international firms that have apologized for their conduct during the nine-year rule of Zuma, which ended in February, during which time corruption at state companies became endemic.

This is more worrying. Is everyone just corrupt? Business first, ethics last?

 

[Frequent visitor]

This is more worrying. Is everyone just corrupt? Business first, ethics last?

'Twas ever thus I'm afraid. Accountancy scandals are not new. Neither is greed. That is what it is all about.

 

[Frequent visitor]

I think they should just liquidate.

 

[Cray]

Nope, go and join Arthur Anderson in auditing hell.

 

[Zoomzoom]

'Twas ever thus I'm afraid. Accountancy scandals are not new. Neither is greed. That is what it is all about.

I have this notion of how the world should be, and sadly reality continuously disappoints.

 

[Arthur]

Baddies who did this should be punished.

But how grim for >90% of the people who were doing a good job, slogging their hearts out, and like the rest of us just trying to do their best. Doesn't seem right that they end up reduced, jobless and tainted because of the sins of others.

 

[Bryn]

Two issues with this request:

1. Would set a disturbing precedent
2. Is pointless due to trust not being something that is arbitrarily restored at will. The entire point of auditors is to have a trustworthy opinion on critically important matters too technical for the layman to evaluate. Once you've totally betrayed such a high level of trust, it ain't coming back.

 

[Zoomzoom]

Baddies who did this should be punished.

But how grim for >90% of the people who were doing a good job, slogging their hearts out, and like the rest of us just trying to do their best. Doesn't seem right that they end up reduced, jobless and tainted because of the sins of others.

This is why you don't comply when your company / boss / employer asks you to do something shady, because do NOT try to tell me that people didn't know.

 

[Arthur]

This is why you don't comply when your company / boss / employer asks you to do something shady, because do NOT try to tell me that people didn't know.

I suspect 90% of the people working there didn't have a clue anything shady was being done. Not because they didn't care or closed their eyes, but because they were simply not involved in any way but working with other customers.

 

[ArtyLoop]

TSEK!