Get all your news in one place.
100's of premium titles.
One app.
Start reading

FED:'Taken for mugs': KPMG referred for corruption probe

A "big four" consultancy firm holding more than half a billion dollars in taxpayer-funded contracts has been referred to the corruption watchdog ahead of a mammoth inquiry into its conduct.

KPMG is being pursued by the federal parliamentary panel over its alleged misuse of client information to win audit work and the mistreatment of a whistleblower.

On Friday, the Joint Committee on Corporations and Financial Services will hear from at least 31 witnesses, including 14 KPMG leaders such as chair Martin Sheppard and interim Australian boss Stan Stavros.

An unnamed "senior employee who oversaw (an) internal KPMG investigation" is also in the line-up.

On Monday, four days ahead of the hearing, the Department of Finance placed a moratorium on KPMG bidding for any new contracts until September 30.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.