The South African Revenue Service (SARS)is holding a media briefing on the withdrawal by KPMG of its SARS Report. ?
• Editor's note: This live event has ended. You may watch a recording above.
JOHANNESBURG – The South African Revenue Service (SARS)is threatening legal action against KPMG.
SARS briefed the media on Monday on the withdrawal by KPMG of its SARS report.
#SARS denies KPMG report used as basis for disciplinary action and criminal cases, says such claims "at best false and at worst deceitful"— Karyn Maughan (@karynmaughan) September 18, 2017
KPMG South Africa insists there was no political motivation behind its report on the controversial SARS intelligence unit.
The auditing firm made an about-turn on its 2016 report.
The firm said some of its findings regarding the intelligence unit were incorrectly interpreted.
A number of executives from KPMG have resigned over audits involving the Gupta family businesses.