Westpac Ex-Audit Chair Didn’t Disclose KPMG Claims to Board, Inquiry Told

Directors back audit reform amid KPMG crisis, reject ‘toothless’ boards

Westpac’s Michael Ullmer and Optus chairman John Arthur warned that corporate governance models cannot be successfully grafted onto partnerships.

Westpac ex-audit chair didn’t disclose KPMG claims to board, inquiry told

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me 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. Subscribe to Lawyerly to access this article.Already …

An email, a smiling emoji and the expulsion of a KPMG high-flyer

Former RBA governor and Macquarie chairman Glenn Stevens said he expects to get answers soon that will help the $100 billion finance giant determine whether KPMG should still be handed audit work worth more than $700 million over the next decade.