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.
17 reports, 8 independent
Updated Sep 3
Gone quiet
Reached 4 outlets in its first 24 hours
- Reports
- 17
- Developments
- 7
- Repetition
- 82%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
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.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Allegations of corporate misconduct involving KPMG, Lendlease, and Westpac regarding audit tenders have been exposed by a whistleblower and a Senator.Sub-event
- A CEO has resigned following whistleblower complaints about staff misuse, leading to parliamentary scrutiny.Sub-event
- KPMG is involved in discussions regarding necessary sector changes in Australia, including working to win a $32 billion-a-year contract with Westpac.Sub-event
- KPMG is accused of improper use of confidential client data involving Optus.Sub-event
ASIC launched an investigation into KPMG's alleged misuse of confidential Lendlease data.1 source
KPMG used Lendlease files and Dexus information to win contracts, leading to an Allens investigation.1 source
KPMG faces allegations of professional negligence regarding Optus, Telstra, Lendlease, and other clients.1 source
Keep exploring
The entities involved
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KPMG
provider of audit, legal, tax advisory, financial, and business advisory services
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Optus
Australian telecommunications company
Nothing else this week.
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Telstra
telecommunications company predominantly serving Australian customers
Nothing else this week.
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Lendlease
multinational construction, property and infrastructure company
Nothing else this week.
Related events
- KPMG is under scrutiny regarding partner misconduct allegations, facing independent investigations and questioning at a parliamentary inquiry.
- KPMG misconduct led to a government review following allegations of regulatory failure.
- ASIC faces scrutiny over procurement contracts awarded to KPMG, amid allegations of illicit data access and regulatory failure.
- KPMG reviewed company's UK business practices.
- KPMG operates within the U.K. accounting framework.
Coverage
Newest first; wire copies grouped- abc.net.au
- afr.com
- perthnow.com.au
- queanbeyanage.com.au
- abc.net.auKPMG to be grilled at parliamentary inquiry on secretly stashing client files
- irishtimes.com
- moneycontrol.com
- yahoo.com
- businesstimes.com.sg