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STANDING COMMITTEE ON FINANCE TO RECEIVE REPORT FROM IRBA ON KPMG AND DELOITTE INVESTIGATIONS

The Standing Committee on Finance will hold a scheduled meeting on 3 October 2017 with the Independent Regulatory Board for Auditors (IRBA) to report on progress on its investigation into the conduct of KPMG and Deloitte.

This was already on our draft programme for the fourth quarter, before the KPMG-SARS matter arose over the weekend. This new matter falls under the mandate of IRBA and presumably they will investigate and report to us. According to legal advice from Parliament, our Committee is not authorised to carry out any investigation. Only the IRBA can investigate, said Mr Yunus Carrim, the Chairperson of the Committee.

Mr Carrim said although the both SARS and IRBA fall under its portfolio, it was neither invited to nor knew of the media conference convened by SARS this morning.

Source: Parliament of the Republic of South Africa

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