KPMG has found another excuse to stop selling whistleblower services to audit clients, including the RBA, independent of its whistleblower scandal.
A Freedom of Information request response made to the RBA about its subscription to whistleblower services provided by KPMG reveals the central bank has exchanged emails with unnamed KPMG partners about its audit and assurance division scandal.
The accounting firm has said amendments to an audit standard related to fraud have now created an obstacle to providing the RBA’s whistleblower hotline service, FairCall, to audit clients.
Revisions to an auditing standard that sets out auditors’ responsibilities for reviewing procedures and processes at audit clients related to fraud detection clearly stipulate that an auditor must review whistleblower complaint systems.
"Claims of US munitions shortages are false," Pentagon spokesperson Sean Parnell told the Wall Street Journal on Wednesday. "America’s military remains the most powerful fighting force on earth. W...