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The Latest Breaking News from KPMG Australia

KPMG Australia says no decision made on workforce after media report of 1,000 job cuts

KPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future challenges. This comes after a significant audit misconduct scandal involving confidential client data. Several high-level executives have already departed the accounting firm. KPMG faces multiple government and professional…

The Economic Times

KPMG faces big setback in Australia amid allegations of mishandling confidential data

KPMG Australia has stopped bidding for new Victorian government contracts as an investigation into the alleged misuse of confidential client information deepens. The audit and consulting firm is also withdrawing from ongoing tenders, while facing possible job cuts, lower partner pay and wider restrictions on public sector work across Australia.

The Economic Times

'Millionaires' factory' boss to leave with vast fortune

Macquarie Group shareholders have backed the pay of its chief executive, who will retire in November with company shares worth hundreds of millions of dollars.

AAP

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Scandal-hit accounting firm names new chief executive

KPMG Australia chief financial officer John Sams will take over as its next chief executive, amid fallout from the misuse of confidential client data.

AAP

KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imposed after an internal audit leak probe. This scandal has already led to the resignations of the firm's CEO and other senior leaders. The Australian Securities and Investments Commission is also investigating…

The Economic Times

KPMG Australia weighs 1,000 job cuts amid audit scandal

KPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The company admitted mishandling a whistleblower complaint and launched new investigations. Several high-level executives have departed the firm since the scandal broke. KPMG is evaluating various options to address current…

The Economic Times

New KPMG chair slagged off Labor senator in email

A parliamentary committee has released an email by newly appointed KPMG chairman Michael Ebeid in which he criticised Labor's Deborah O'Neill.

AAP

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Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’

The Guardian - AU

KPMG chairman, partners to exit scandal-tainted firm

Two KPMG audit partners who allegedly accessed confidential information are leaving the accounting firm, along with its national chairman.

AAP

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