The corporate regulator is investigating KPMG Australia over concerns the consulting firm may have lodged false or misleading information in its transparency report, which claimed the firm had received no complaints from whistleblowers in 2024 and 2025.
Any firm that audits listed companies, investment schemes or authorised deposit-taking institutions must lodge an annual transparency report to the Australian Securities and Investments Commission (ASIC). The requirement is designed to keep investors informed about audit quality.
KPMG’s report for the 2025 financial year said there were no whistleblower complaints about “audit quality” in 2024 and 2025. This has now triggered further investigation from the regulator.
“In FY25 there were no internal complaints regarding audit quality (FY24: none). There were no external complaints received (FY24: none) via direct correspondence regarding audit quality at KPMG in Australia,” the report said.
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