PREMIUM: More KPMG blunders, this time in SA Parliament – many unanswered questions

LONDON — In this fascinating interview, SCOPA committee member and shadow finance minister David Maynier (pictured below) tells us about an eventful day in the South African Parliament where KPMG's new CEO and chairman were grilled about corruption allegations. Maynier says the answers raised still more questions, reckoning this is very much the start of an embarrassing and lengthy public process where the Gupta auditors will be made to fully account. Another committee on which Maynier serves will now be even more keen to get its teeth into KPMG after the audit firm's chairman was "tied up in knots" today when questioned on the infamous R23m SARS "Rogue Unit" report. This is now very definitely an existential issue for KPMG South Africa. And as it continues to blunder – including refusing to co-operate as promised with the regulator – the withdrawal of the firm's licence has become a very real prospect. – Alec Hogg

It's a warm welcome to David Maynier who's the DA spokesman on finance. He joins us from CT. David, you spent the day in parliament today listening to the KPMG story from the new CEO, who only recently was the head of human resources. A whole team that has now been fired, retrenched, call it what you will, she was in the firing line. Just to help people understand the whole process. What exactly is SCOPA and where does this power come in to bring someone like a CEO of an audit firm to come and answer?

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