EY Employees In Johannesburg Forced to Evacuate Due to Bomb Scare, Nothing Found
A bomb threat led to the evacuation of an EY South Africa office in Sandton, Johannesburg earlier today, but authorities allowed employees to return to work later in the afternoon after finding nothing suspicious during a search of the building. Due to a safety concern, we are currently evacuating our Johannesburg office at 102 Rivonia […]
KPMG Got Down on Its Knees and Begged South Africa for Forgiveness
South Africa, KPMG is sorry. Sorry for doing work for the billionaire Gupta family, who has been accused of using their links to former South Africa president Jacob Zuma to influence government decisions and the awarding of government contracts. Sorry for making severe auditing mistakes that led to the collapse of VBS Mutual Bank, in […]
Ignatius Sehoole Takes Over as CEO of the Dumpster Fire That Is KPMG South Africa
KPMG in South Africa has had its problems of late. And the firm believes it has found the man to help fix them. Good luck, Ignatius Sehoole! KPMG South Africa is pleased to announce the appointment of Mr Ignatius Sehoole as Chief Executive Officer. Mr Sehoole is expected to take up this role on 1 […]
Recently Axed KPMG South Africa Employee Slams Firm for Mismanagement, Lying
You may have seen earlier this week that KPMG South Africa is planning to lay off 400 workers and close some regional offices, as the embattled firm tries to save face following the Gupta and VBS Mutual Bank scandals. If you haven’t been paying attention, here’s a nice synopsis of what’s going on, via Reuters: […]
KPMG South Africa Calls in Reinforcements, Is Dumpster Fire
Uh oh: KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals. Let me jump in here to say that I think I’d make a fine accounting firm troubleshooter. A Big 4 Mr. […]
South African Central Banker Not Hitting the Panic Button Re: KPMG
Despite the firm losing clients left and right up to and including today, one guy remains chill: Addressing a monetary policy forum public meeting in Cape Town, deputy governor Kuben Naidoo said the troubles at KPMG, which audits several South African banks and lost a number of local clients recently, will not pose a financial […]
Naked Accountants in South Africa Will Do Your Books…But That’s It
Managing client expectations can be tricky sometimes. Natural Cleaning Co., which bills itself as "the world's only all-naked service company," was founded a month ago by Jean-Paul Reid after he struggled to find work as an accountant in a country with a 23.9 percent unemployment rate. The company offers housekeeping, accounting, legal, computing and other services, […]