KPMG has agreed to stop bidding for federal government work for at least three months while the Finance Department investigates the firm, escalating the fallout over a whistleblower complaint.
The move is a blow to KPMG’s Canberra arm, but will have a limited effect in the short term as it does not cover contract extensions. KPMG holds $270 million in federal contracts, while an additional $330 million in contracts are set to expire on June 30.
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The report is accused of falsely describing AI use at UBS, NHS Greater Manchester, Swiss Federal Railways and TfL. KPMG has removed a global report on AI after multiple case studies were found to b...