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  1. ASIC faces scrutiny over procurement contracts awarded to KPMG, amid allegations of illicit data access and regulatory failure.
  2. KPMG misconduct led to a government review following allegations of regulatory failure.

KPMG assists ministry in investigation into Ontario Student Assistance Program

1 report, 1 independent Updated Wed 00:00
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What happened

Some supportReported by 1 outlet

KPMG is assisting a ministry in an investigation into the integrity of the Ontario Student Assistance Program (OSAP). This action follows increasing complaints regarding the volume of OSAP applications at private career colleges, which have historically had access to the program like public institutions.

From torontosun.com

Why it matters

Some supportBrind's analysis of the reports

The investigation into OSAP integrity occurs amid broader regulatory scrutiny, as ASIC is actively investigating KPMG regarding alleged misconduct and governance failures. This highlights regulatory risk for advisory firms operating in the public sector.

KPMG misconduct led to a government review following allegations of regulatory failure.

From torontosun.com

Who's involved

  • KPMGProvider of advisory services assisting the ministry with the OSAP investigation
  • ASICOrganization actively investigating KPMG regarding alleged misconduct and governance failures

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KPMG misconduct led to a government review following allegations of regulatory failure. All 1 developments

Within ASIC faces scrutiny over procurement contracts awarded to KPMG, amid allegations of illicit data access and regulatory failure.

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