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New KPMG CEO Dlomu says inquiry is needed to regain trust

Nhlamu Dlomu was announced as CEO after a leadership shake-up at the firm due to its dealings with the Gupta family.

New KPMG CEO Nhlamu Dlomu. Picture: Twitter/@NhlamuDlomu

JOHANNESBURG - New KPMG CEO Nhlamu Dlomu says the auditing firm agrees it would be appropriate to have an inquiry in order to regain the trust of South Africans.

Dlomu has been appointed to replace Trevor Hoole who resigned from his position last week following the firm's damning internal investigation.

It revealed serious failings at the company which resulted in senior executives resigning over KPMG's work for Gupta-owned firms and the South African Revenue Service (Sars).

The auditor has also withdrawn its findings from the controversial SARS report into the allegations of a rogue unit.

Dlomu says the firm supports the idea of a transparent inquiry.

“What this would be is an additional assurance lens to ensure that the public in South Africa can truly see that we’ve opened up our doors. We want to be clear about what has happened so that we can explain. Besides having a KPMG international lens, have a South African lens of completely independent parties looking at this.”

KPMG lost two more clients, Sasfin and Hulisani, on Tuesday after the Sars commissioner criticised the firm for what he calls unethical conduct.

LISTEN: KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

'KPMG JUST AS OUTRAGED'

Dlomu says the auditing firm is just as outraged as the rest of South Africa about the recent developments and it's working hard to ensure this never happens again.

Dlomu says this is why they support an independent inquiry.

“In the past four to five days what I’ve been doing is engaging with our stakeholders, our clients our people and really listening carefully to what people are saying to us. And I can hear the loud call to have something that is more objective to oversee the work that international has done.”

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