Parliamentary Scrutiny of KPMG Raises Questions About Audit Industry Regulation
Australian parliamentarians subjected current and former KPMG executives and lawyers to a day-long public hearing after a whistleblower accused the firm of misusing confidential Lendlease board papers to support audit tender bids for Westpac and Dexus. The allegations prompted the resignation of KPMG Australia CEO Andrew Yates and the audit chief, …