KPMG

Allens has denied a senator's claims that it exercised "poor judgment" when accepting answers from three KPMG partners as credible during an investigation into whistleblower claims.

KPMG's deputy general counsel has said his investigation into a whistleblower's claims of ethical breaches was "fundamentally undermined" by dishonest answers to his questions and "restricted" scope.

The former chief operating officer at KPMG has admitted that she stored a confidential Lendlease document in her locker and considered sharing it with a colleague but has said she did not understand why she was the only person forced out from the partnership. 

Optus chair John Arthur said Friday KPMG's alleged sharing of the telco's confidential information to win business with Telstra was an “egregious breach of responsibilities”. 

The former chair of Westpac’s board audit committee did not disclose allegations made by a whistleblower that KPMG breached its confidentiality obligations, having resigned due to his “social engagements” with senior members of the accounting firm during a tender, an inquiry has heard.

Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.

The chair of Dexus told a parliamentary inquiry Friday that this initial reaction to an Allens report into a whistleblower’s allegations about ethical failures at KPMG was “why didn’t you come and talk to us?”.

Macquarie Group chairman Glenn Stevens will face the latest parliamentary joint committee hearing Friday into KPMG ethic's scandal, joining executives from Westpac, Optus and Dexus.

A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.

A mid-trial fight has erupted in a class action over the collapse of steelmaker Arrium, with the company's auditor and directors saying the case had swerved, and the plaintiff accusing the respondents of "playing games".