KPMG sacked its leadership after it found work done below its standards

South African arm of KPMG

An investigation into the South African arm of KPMG is progressing “satisfactorily” while part of it is nearing completion, the boss of the nation’s audit regulator said on Friday.

KPMG sacked its South African leadership in September after it found work done for companies owned by the Gupta family, a trio of Indian-born businessmen with close ties to President Jacob Zuma, “fell considerably short” of its standards.