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The Conversation
The Conversation
Helen Bird, Industry Fellow, Corporate Governance & Senior Lecturer, Swinburne Law School, Swinburne University of Technology

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

KPMG ASIC PwC EY

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

The federal government has released a new consultation paper proposing stricter regulation of the firms, including increased oversight and heavier penalties. Many of its proposed reforms are welcome – and long overdue.

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