The corporate watchdog has launched a formal investigation into a top-tier consultancy firm following allegations it misused confidential information.
The Australian Securities and Investments Commission told a budget estimates inquiry it had begun the investigation into KPMG, one of the Big Four accounting firms, expanding a preliminary probe.
The firm's Australian head Andrew Yates resigned in May following the treatment of and the mishandling of allegations by a whistleblower, after an internal investigation into the claims of misconduct was found to have fallen short of the firm's expectations.
