Question

Evidence that KPMG’s independence was lacking in Gupta related audit engagements included:

	1	The U.S. Justice Dept. found KPMG South Africa bribing the Gupta family.
2		Four partners of KPMG South Africa attended the Gupta family wedding.
3		The firm of KPMG South Africa added many new clients during 2018 and 2019.
4		The United Nations began a multi-year investigation of KPMG South Africa’s operations

Answer 1

The answer to this is Option 2.

Evidence that KPMG’s independence was lacking in Gupta related audit engagements included that 4 of the partners of KPMG attended the Gupta Wedding.

This was one amongst the evidences that was placed against the KPMG partners for not lacking independance.

There isnt much to explain regarding this answer. It is pretty straightforward.

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