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KPMG sued for R863m over VBS debacle Audit firm accused of negligence in failing to detect huge fraud PREMIUM By Warren THompson - 26 February 2021 KPMG SA is facing a nearly R1bn lawsuit from the liquidator of VBS Mutual Bank, citing the auditor’s negligence in failing to detect a fraudulent scheme and theft that led to the collapse of the bank. This article is reserved for DispatchLIVE subscribers. Get access to ALL DispatchLIVE content from only R45.00 per month. Already subscribed? Simply sign in below. Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details. ....