Australia news live: politicians and media gather for Canberra’s Midwinter Ball; Westpac director resigns as KPMG scandal widens
This has undermined trust in the firms themselves and raised broader questions about the resilience of the frameworks meant to uphold market integrity. It is time to return trust and integrity so that the government, taxpayers and other businesses can rely on the services of large accounting, auditing and consulting firms.
- ▪This has undermined trust in the firms themselves and raised broader questions about the resilience of the frameworks meant to uphold market integrity.
- ▪It is time to return trust and integrity so that the government, taxpayers and other businesses can rely on the services of large accounting, auditing and consulting firms.
Opening excerpt (first ~120 words) tap to expand
4m ago16.42 EDTLabor moves to clean up consulting industryTom McIlroyThe federal government has released an options paper to improve the regulation of accounting, auditing and consulting firms in Australia, the latest move in the wake of the KPMG scandal, in which partners leaked client information and mishandled the whistleblower who raised the alarm.KPMG staff leaked confidential Lendlease and Optus information to colleagues who were applying for lucrative audit contracts at Westpac, Dexus and Telstra.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at World news | The Guardian.
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