Allegations of corporate misconduct involving KPMG, Lendlease, and Westpac regarding audit tenders have been exposed by a whistleblower and a Senator.
1 report, 1 independent
Updated Sep 3
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What happened
Allegations of corporate misconduct involving KPMG, Lendlease, and Westpac regarding audit tenders have been exposed by a whistleblower and a Senator.
Who's involved
What this event is mainly aboutKeep exploring
Part of
KPMG is accused of professional misconduct, including improper sharing of confidential Optus information, using private documents in bids for Telstra, Westpac, and Dexus, and ending a 70-year audit relationship with Lendlease.Also in this story
- KPMG is involved in discussions regarding necessary sector changes in Australia, including working to win a $32 billion-a-year contract with Westpac.
- KPMG is accused of improper use of confidential client data involving Optus.
The entities involved
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KPMG
provider of audit, legal, tax advisory, financial, and business advisory services
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Lendlease
multinational construction, property and infrastructure company
Nothing else this week.
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Westpac
Australian bank and financial-services provider
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Deborah O'Neill
Australian politician
Nothing else this week.