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KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
A three-month pause on new government contracts with KPMG following claims of misuse of client auditing data has been push out another month.
Mallesons has hired a tax partner from EY with expertise in stamp duty and land tax, strengthening the firm's indirect tax practice.
The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
Former KPMG chief operating officer Eileen Hoggett has launched legal proceedings against her former employer, following her expulsion from the firm over a whistleblower's allegations of client data leaks.
In her first speech as chair of ASIC, Sarah Court has called for regulation of Big 4 accounting firms in the wake of the KPMG whistleblower scandal and warned the collapse of property developer Bathla may be the “first significant crack” in the private credit market.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
Macquarie's board will no longer back the appointment of KPMG to replace PricewaterhouseCoopers as the group's auditor, following claims audit partners used confidential client information to win tenders.
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy.
A director of defunct Arrium has told a court he didn't believe it was necessary to revisit the steelmaker's iron ore price assumption before approving the company's 2014 accounts, even after the price fell significantly.