• About
  • Advertise
  • Write For Us
  • Careers
  • Contact Us
Sunday, February 24, 2019
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
16 °c
Nairobi
  • Home
  • Kenyan News
  • African News
  • Global News
  • Opinion and Commentary
  • Events
    • Calendar
  • Home
  • Kenyan News
  • African News
  • Global News
  • Opinion and Commentary
  • Events
    • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

KPMG Barred from Auditing Listed Companies in Oman

Move to protect investors and stakeholders after CMA discovered auditing irregularities

John Njiru by John Njiru
December 4, 2018
in Global News
KPMG Barred from Auditing Listed Companies in Oman

The Capital Markets Authority of the Sultanate of Oman has suspended KPMG from auditing listed companies due to “major financial and accounting irregularities”.

According to The Economia, the CMA launched an inspection of some listed entities and when it discovered the irregularities, it decided to take action to protect investors and stakeholders.

The decision was arrived after it “…established professional negligence on the part of some audit firms that warranted disciplinary measures against them in the interests of the investors and other stakeholders”, the CMA said.

KMPG will continue the audits and other engagements for existing clients, and is able to appeal the decision before an independent appellate authority.

A KPMG Lower Gulf spokesperson said the firm “notes the announcement made by the CMA and will work closely with (it) to better understand and resolve this matter. For reasons of our client confidentiality obligations, we are unable to comment further at this time.”


Previous Post

Small Businesses to start Paying Presumptive Tax from January 2019

Next Post

#InukaSME Tweet Chat with Kenya Bankers Association and Kenyan Wall Street

Related Posts

Moodys Upgrades Citibank’s Baseline Credit Assessment due to its ‘More Durable Solvency Profile’

Moodys Upgrades Citibank’s Baseline Credit Assessment due to its ‘More Durable Solvency Profile’

February 22, 2019
JPMorgan Announces Expansion plans into Kenya

JP Morgan Chase Bank Creates Own Cryptocurrency

February 15, 2019

Standard Chartered Bank Pleads Guilty to Manipulation of the Rand

February 6, 2019

Facebook to Integrate WhatsApp, Instagram and Facebook Messenger to Engage Users More in the Company’s Ecosystem

January 28, 2019

BitPesa’s Founder Elected by WEF to Co-Chair the Global Blockchain Council

January 28, 2019

Google Invests $3.1Mn in Wikipedia

January 24, 2019

WhatsApp Limits Number of Times one can Forward a Message

January 23, 2019

China’s Economy Grew by 6.6 per cent in 2018; the Slowest in 28 Years

January 22, 2019
Load More
Next Post
#InukaSME Tweet Chat with Kenya Bankers Association and Kenyan Wall Street

#InukaSME Tweet Chat with Kenya Bankers Association and Kenyan Wall Street

Follow Us

  • 5k Fan
  • 81.8k Follower
  • 248 Subscriber

Featured

How did Safaricom become Kenya’s most successful Telco?

How did Safaricom become Kenya’s most successful Telco?

August 20, 2018
Guest Opinion; How Nairobi Matatus Defied the Will of Kenya’s Cashless Policy Makers

Guest Opinion; How Nairobi Matatus Defied the Will of Kenya’s Cashless Policy Makers

August 3, 2018
Book Review; Money Wise By Rina Hicks

Book Review; Money Wise By Rina Hicks

August 1, 2018
Nyeri Restaurant Betty’s Place is Accepting Bitcoin Payments

Nyeri Restaurant Betty’s Place is Accepting Bitcoin Payments

July 5, 2018

Financial Institutions Seek CBK Approval to Use Blockchain as Regulator Maintains Cryptocurrencies are Risky

May 24, 2018

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

About Us

Kenyan Wall Street specializes in providing the latest and most relevant information on the Kenyan Financial Market enabling you make sound investment decisions

Contact Us

Kenyan Wall Street
Email : info@kenyanwallstreet.com
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About
  • Advertise
  • Write For Us
  • Careers
  • Contact Us

© 2018 Kenyan Wall Street.

No Result
View All Result
  • Home
  • Kenyan News
  • African News
  • Global News
  • Briefs & Press Releases
  • Opinion and Commentary
  • Events
    • Calendar

© 2018 Kenyan Wall Street.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In