Parliament, Friday, 4 May 2018 – The Standing Committee on the Auditor-General has expressed its support of the decision made by the Auditor-General of South Africa (AGSA) to terminate contracts with Nkonki and KPMG auditing firms.
The AGSA briefed the committee about its decision today, saying the decision was made in order to protect its reputation and those of state entities. It further said that the decision was in the best interests of the international standard on quality control (ISQC1).
Co-Chairperson of the committee Mr Themba Godi said that although the AGSA is a chapter 9 institution that is only accountable to Parliament, the committee still appreciates its prerogative to take independent decisions. “In this case, the AGSA took the right decision,” he said.
The committee said that until Nkonki declares its shareholdings, it should not conduct any business with state entities.
ISSUED BY PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CO-CHAIRPERSONS, MR THEMBA GODI AND MR VINCENT SMITH
For media enquiries or interviews with the Chairperson, please contact committee’s media officer:
Name: Mr Justice Molafo
Tel: 021 403 8444
Cell: 081 424 7481
Email: jmolafo@parliament.gov.za
Arrange a tour