Insurance giant IAG has dumped KPMG as its next auditor after 26 years, stripping the scandal-hit accounting giant of another lucrative contract as its corporate clients desert it.
Ryan Johnson
A partnership spanning more than 600 owners. Board directors tasked with winning work. An investigation commissioned and paid for by the firm itself.
Rosalind Mathieson, Richard Henderson and James Mayger
KPMG, which has been embroiled in an audit and whistleblower scandal, will cut more than 350 jobs after a fall in revenue in its main consultancy business.
Kaaren Morrissey
The inquiry is probing shocking allegations that KPMG partners misused client secrets, crossed conflict lines and passed confidential information around the firm to help win lucrative work.
The under-pressure audit and consulting firm insists it has not yet settled on cuts, despite talk its workforce will be reduced by up to 10 per cent.
Sean Smith
ASIC has begun examining internal complaints at the Big Four while warning registered auditors that misconduct could trigger disciplinary or civil action.
The long-term partner, KPMG’s chief financial officer since last year, has been given a mandate to overhaul the firm after the damaging audit leaks scandal.
The KPMG disaster should be filed as a case study under Smart People Doing Dumb Things.
The resignations were announced by KPMG on Tuesday as part of sweeping changes to address a growing scandal over the accounting firm’s misuse of confidential client information.
A former executive at consultancy giant KPMG who revealed a high-profile scandal at the firm has spoken of the toll the ordeal has taken.
Nathan Schmidt
Andrew Yates has admitted the whistleblower who raised allegations about confidential information being used to win lucrative contracts was made to feel uncomfortable.
Stephen Johnson
Accounting firm KPMG has come under fire during a parliamentary hearing over claims client documents were misused.
Ike Morris
A consultancy giant will take centre stage at a federal parliamentary committee hearing examining corporate oversight following an audit leak scandal.
It has been revealed that contracts worth tens of millions of dollars are under review by the Cook Government in the wake of the KPMG whistleblower scandal.
Jessica Page
A landmark High Court ruling has handed family trusts and private businesses a major win over the ATO.
The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.
Andrew Brown
The Cook Government has demanded answers from KPMG after it was caught sharing secret client information but stopped short of committing to a ban on any staff involved in WA reports.
While Federal and other State governments are warning of action against KPMG, the Cook Government has conceded nothing except that it is “monitoring and reviewing the allegations” against the firm.
Small businesses are warning payday super will add another cash-flow squeeze to already stretched operators, even as the reform heads for introduction with overwhelming public support.
KPMG insisted it was committed to ‘acting transparently, with accountability and integrity’ as the consulting and audit industry digested the fallout from rival PwC’s tax leaks scandal. So much for that.
The head of KPMG has reportedly resigned after the corporate regulator publicly confirmed in real time it's probing registered company auditors at the firm.
A Perth AI startup has more than doubled its valuation after rejecting a $2 million venture capital offer, instead raising money from accountants who are also its customers.
Shares in shipbuilder Austal have been scuttled in the opening minutes of trade on Friday following reports of an embarrassing accounting blunder that looks set to sink its full-year profit result.
Big four accounting and consultancy firm KPMG is set to slash almost 200 employees from its local workforce and send the jobs offshore.
Daniel Newell
