Deloitte poaches KPMG Australia’s entire restructuring team
The exodus is a major blow to KPMG.
The exodus is a major blow to KPMG.
The three senior partners will take on key leadership roles such as deputy CEO, chief operating officer and chief financial officer.
With traditional blocs deadlocked, the formation of the next government may rest on a mother of two with degrees in law and politics.
The latest round of job cuts will be executed within weeks as the whistleblower scandal continues to hammer its business.
The latest round of job cuts will be executed within weeks as the whistleblower scandal continues to hammer its business.
KPMG Australia will axe the jobs by the end of November to offset an ongoing document misuse scandal and an extension to its ban on bidding for new federal contracts.
The CEO collected $6.7 million, while the former chairman took home $1.8 million, despite both resigning early over the firm’s handling of a data misuse scandal.
The first independent report into the big four firm’s conduct is sceptical about promises of change. Plus: the fastest consultant over 5km comes from PwC.
The firm should not be trusted to undertake federal work until it proves its promises of cultural reform are more than just words, a Finance Department review said.
The federal government extends its ban on KPMG bidding for new government work until at least the end of February, following allegations its audit partners misused client data then mishandled a whistleblower's complaint.