KPMG CEO resigns as whistleblower scandal erupts
KPMG has accepted the resignations of its CEO Andrew Yates and senior partner Julian McPherson amid a whistleblower scandal. The firm acknowledged that its handling of the whistleblower complaint and the subsequent investigation did not meet expectations. KPMG has committed to improving its processes to ensure better treatment of concerns raised by whistleblowers and clients.
- ▪KPMG's CEO Andrew Yates and senior partner Julian McPherson have resigned following a scandal involving the misuse of confidential client data.
- ▪The firm admitted that its internal investigation into the allegations was not conducted with the necessary rigor.
- ▪KPMG has apologized to the whistleblower and clients for the mishandling of sensitive information.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.