JOHANNESBURG – Under-fire auditing firm KPMG has reshuffled its management team in an attempt to save its shabby image.
The auditing-firm, listed on the JSE is on the brink of losing its status over concerns regarding its quality of work and integrity.
According to Nhlamu Dlomu, KPMG South Africa’s chief executive, the new team has been set to help rebuild the lost trust.
He said the new management team is comprised of experienced, highly-cultured and competent individuals who are dedicated to service excellence.
“This is day one for the new KPMG, a KPMG where public interest will share an equally important role with enhanced governance, quality and ethics,” Dlomu said.
Dlomu complemented the new team saying, “We understand that the immediate road ahead will be challenging, but I believe the individuals in this team have the necessary skill, experience, passion and energy to lead KPMG to once again be a standard setter in the profession.”
Although the firm is committed to start on a new patch, it has already lost its major clients, including the Foschini Group, Interwaste, Sygnia Asset Management and Sasfin amongst others.
It is also reported Telkom has cut-off ties with the beleaguered firm until pending investigations by the Independent Regulatory Board for Auditors (IRBA) are complete.