Show Notes
KPMG's whistleblower scandal has snowballed into a reckoning for the Big Four. A number of senior executives have resigned. Lendlease has ended its 68 year old relationship with the firm. Government departments, including the Reserve Bank of Australia and the Australian National Audit Office have put their contracts with the firm for its own whistleblower service under review. Now, Assistant Treasurer Daniel Mulino is weighing tougher rules for the sector.
We discuss: KPMG's whistleblower scandal and the parliamentary testimony that took it to the next level. The cascading resignations and client losses, including the RBA, ATO and Australian National Audit Office dropping KPMG's FairCall service. Are Australia's whistleblower protection laws strong enough? The role of external law firms Ashurst and Allens in KPMG's internal investigations. The callback to PwC’s tax scandal and EY allegations over the Prime Minister's bank details and what they say about cultural issues across the Big Four. Assistant Treasurer Daniel Mulino's consultation paper and the case for splitting audit from consulting.
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