Andrew Yates and audit head Julian McPherson resigned after the firm said its handling of complaints about shared client documents “fell short”.
What's going on here?
KPMG Australia’s CEO Andrew Yates and audit head Julian McPherson resigned after the firm said its handling of a whistleblower’s complaints about client documents being shared inappropriately “fell short”.
What does this mean?
KPMG said a whistleblower raised three complaints, and earlier internal investigations had called the claims unsubstantiated. The firm now says those reviews didn’t meet expectations, and it has brought in an external law firm and a corporate ethics consultant to examine its whistleblower policies and processes. KPMG hasn’t named the whistleblower or the clients involved, but its chair said the firm has work to do to rebuild trust and i..
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