South Africa’s tax agency wants parliament to probe KPMG


South Africa’s revenue service will ask parliament to investigate global auditor KPMG for its “immoral conduct” in releasing details of a confidential report it produced for the tax agency, commissioner Tom Moyane said on Monday.

KPMG is a professional service company and one of the big four auditors, along with Deloitte, Ernst & Young (EY) and PricewaterhouseCoopers (PwC).

The name “KPMG” stands for “Klynveld Peat Marwick Goerdeler.”

It was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick.

KPMG cleared out its South African leadership en masse on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma.

Moyane said SARS had cut all ties with KPMG.


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