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KPMG denies involvement in recent Banking Awards

KPMG denies involvement in recent Banking Awards

Auditing power brand, KPMG, says it has not been involved with the Ghana Banking Awards since 2012.

The clarification by the audit firm follows allegations on social media -- and in the wake of the collapse of five banks last week -- that KPMG served as auditors for the awards, having done so in the past.

Last year, uniBank, one of the collapsed banks

KPMG critics say are questioning how a bank could win such an award and collapse a year later.

However, in a press statement issued in Accra on Tuesday by a Senior Partner of KPMG, Amanor Dodoo, the global network of audit firms indicated that it did not provide data to the organisers of the Ghana Banking Awards, Corporate Initiative, for the 2017 edition.

KPMG described as, "misleading social media information attempting to link the 2017 Banking Awards to the recent Banking Resolutions made by the Bank of Ghana, through false allegations about KPMG."

"We are by this correspondence seeking to inform you of the facts related to this matter," stressed KPMG.

"The misinformation seeks to link KPMG as analysers of the 2017 Ghana Banking Awards and evaluators of the performance of some banks recently affected by Bank of Ghana's Resolution actions and, therefore questions the present role of KPMG in assisting the Central Bank in the related engagements," it said. 

The statement explained that KPMG supported the organisers of the Ghana Banking Awards from 2001 until 2012 and that KPMG has since 2013, not been involved in the organisation of the Ghana Banking Awards.

"For the record, we also wish to state that KPMG is not the Auditor of any of the affected banks. Please disregard this malicious information," the statement added.

Original Story on: MyJoyOnline


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