Business
KPMG’s culture war not its only woe – The Australian Financial Review
KPMG’s brand is in enough trouble without unforced errors from bosses. The Bill Michael leak is just the latest of several that have exposed internal tensions at…
The partnership is still awaiting the Financial Reporting Councils investigation into its audit of collapsed construction company Carillion, a debacle that prompted government intervention.
Mercifully for KPMG, a forthcoming white paper on audit reform is unlikely to be radical. Talk of joint audits of accounts has been dropped, in favour of a more limited plan to allow smaller firms to audit subsidiaries.
KPMG may be over the worst. Its audit business grew 3 per cent last year, as it took on new…
Continue Reading