There were many lessons for the big four professional services firms from the PwC tax leaks scandal. That client confidentiality and independence aren’t buzzwords, for example, and that even powerful partners should be held to account. Then, on a less ideological front, take senators Deb O’Neill and Barb Pocock seriously.
At KPMG, it’s this that’s currently front of mind. The accounting giant is in O’Neill’s crosshairs. It started in late March, when she used parliamentary privilege to air a laundry list of claims by a former KPMG executive, alleging the firm misused confidential client information and capitalised on conflicted networks of contacts to get work.
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