{"id":63803,"date":"2024-01-04T17:31:47","date_gmt":"2024-01-04T17:31:47","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=63803"},"modified":"2024-01-04T14:27:42","modified_gmt":"2024-01-04T14:27:42","slug":"ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement","title":{"rendered":"Ben Boakye explains why it is unethical for KPMG to audit GRA-SML agreement"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye has said KPMG is a client of Ghana Revenue Authority (GRA), therefore, it would be unethical for<\/b> KPMG to audit the agreement with the Strategic Mobilisation Limited (SML).<\/b><\/p>\n

\u201cKPMG has its integrity at stake if it accepts this job. It is a client of GRA and its investigation against the leaders of one of its large portfolios is exceedingly suspicious. Simply unethical,\u201d he wrote on X.<\/p>\n

Ben Boakye is not the only person against the appointment of KPMG to perform this assignment. For instance, a Vice President of IMANI Africa, Bright Simons said the nature of the allegations against the deal requires state bodies with the right powers and independence to audit.<\/p>\n

\u201cFor the record, the key civil society activists probing this SML contract reject the President\u2019s decision to ask KPMG to do a rushed review of Ghana\u2019s decision to hire a timber merchant at a fee that could top a $billion over time in the name of auditing commodity exports.<\/p>\n

\u201cThe terms of reference do not extend to a forensic examination of the procurement abuses (single sourcing of an unqualified entity) nor of the technology system purported to have been created for the job, etc. A detailed concurrent review by the OSP & CHRAJ is warranted.<\/p>\n

2\/<\/p>\n

The terms of reference do not extend to a forensic examination of the procurement abuses (single sourcing of an unqualified entity) nor of the technology system purported to have been created for the job, etc. A DETAILED concurrent review by the OSP & CHRAJ is warranted.<\/p>\n

\u201cKPMG\u2019s practice oversight bosses should prudently preserve the firm\u2019s reputation & drop this assignment. This issue is a hot political potato right now. The nature of the allegations requires an IN-DEPTH look by state bodies with the RIGHT POWERS & INDEPENDENCE. KPMG has neither,\u201d he wrote on X.<\/p>\n

President Nana Addo Dankwa Akufo-Addo had appointed accounting and auditing firm, KPMG to audit the contract between the Ghana Revenue Authority (GRA) and the Strategic Mobilisation Ghana Limited (SML).<\/p>\n

The President tasked KPMG to complete the audit in two weeks.<\/p>\n

This was contained in a press statement issued by the Director of Communications at the Presidency Eugene Arhin on Tuesday, January 2.<\/p>\n

\u201cThe President has also tasked the Ministry of Finance and GRA to provide KPMG with whatever assistance they will require for the conduct of the audit,\u201d portions of the statement said.<\/p>\n

The Terms of Reference of the audit are as follows: \u201ci. conduct an audit to ascertain the rationale or needs assessment performed prior to the contract approval by GRA, and assess how the arrangement aligns with specific needs; ii. assess the appropriateness of the contracting methodology, verifying compliance with legal standards and industry best practices in the procurement process for the selection of SML;<\/p>\n

iii. evaluate the degree of alignment between current activities and the stipulated contract scope, identifying any deviations; iv. evaluate the value or benefit that SML has so far offered to the GRA through this engagement; v. review the financial arrangements, including pricing structures, payment terms and resolution of any financial compliance issues; and vi. submit a report on your findings on the above, together with appropriate recommendations.\u201d<\/p>\n

The press release added that \u201cPresident Akufo-Addo has tasked KPMG to complete the assignment in two weeks.\u201d<\/p>\n

\u201cThe President has directed the Ministry of Finance and GRA to provide KPMG with whatever assistance they will require for conduct of the audit, and has also directed the Ministry of Finance and the Ghana Revenue Authority to suspend the performance of the contract, pending the submission of the audit report, including any payments presently envisaged under its terms,\u201d the statement concluded.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye has said KPMG is a client of Ghana Revenue Authority (GRA), therefore, it would be unethical for KPMG to audit the agreement with the Strategic Mobilisation Limited (SML). \u201cKPMG has its integrity at stake if it accepts this job. It […]<\/p>\n","protected":false},"author":84,"featured_media":63801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[5092,5096,429],"class_list":["post-63803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nBen Boakye explains why it is unethical for KPMG to audit GRA-SML agreement - Ghana<\/title>\n<meta name=\"description\" content=\"Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye has said KPMG is a client of Ghana ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ben Boakye explains why it is unethical for KPMG to audit GRA-SML agreement\" \/>\n<meta property=\"og:description\" content=\"Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye has said KPMG is a client of Ghana ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T17:31:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1704364499.262189.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ben Boakye explains why it is unethical for KPMG to audit GRA-SML agreement\",\"datePublished\":\"2024-01-04T17:31:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\"},\"wordCount\":644,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1704364499.262189.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ben-boakye-explains-why-it-is-unethical-for-kpmg-to-audit-gra-sml-agreement\",\"name\":\"Ben Boakye explains why it is unethical for KPMG to audit GRA-SML agreement - 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