Macquarie, Westpac to testify in KPMG Australia audit scandal probe

KPMG is radioactive. But probe also exposes clubby corporate Australia

At the top of the corporate tree, everyone knows everyone else – and information barriers are only as good as the flawed humans that stand on either side of them.

Macquarie seeks KPMG guarantee data was not misused to win bank audit work

Scandal has triggered resignations of KPMG Australia’s CEO, audit boss and chairman. Read more at straitstimes.com.

KPMG scandal: ‘Many more whistleblowers’ incoming

The inquiry is probing shocking allegations that KPMG partners misused client secrets, crossed conflict lines and passed confidential information around the firm to help win lucrative work.

KPMG saga 'a rat's nest of conflicts' as former partners face grilling

Former partners of KPMG, including its chief executive officer and chairman, are facing a parliamentary hearing into the consultancy giant's whistleblower scandal. Follow live.

Macquarie, Westpac to testify in KPMG Australia audit scandal probe

SYDNEY, Aug 14 (Reuters) – Leaders from some of Australia’s biggest companies, including major banks Macquarie Group and Westpac, will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG’s alleged ​misuse of client data to win audit contracts. Macquarie’s chairman and chief financial ‌officer, and Westpac’s audit committee chair have been summoned before the committee, which will also hear from telecoms provide…

Macquarie puts KPMG audit under formal review

Macquarie Group chair Glenn Stevens said the investment giant is formally inquiring into KPMG's capability to deliver its audit, as well as the conduct of the audit itself, at the latest parliamentary inquiry into the consulting firm. "In a nutshell, what we need clarity on: was there any misuse, not only of our information, but anybody else's, in the pursuit of the Macquarie tender in particular?" Stevens said. "We've asked for that work to be …