The news: KPMG Australia has been found to have adopted a legalistic approach to its treatment of its whistleblower and failed to protect them, according to an independent report.
The report made six recommendations with KPMG accepting all except one, which suggested the firm should review its values and principles.
The context: The report was undertaken by consultancy Andrews Group and former NAB whistleblower Dennis Gentilin. It is part of KPMG’s action plan to change its governance, culture and ethics and controls following its audit scandal.
The report found the firm had deficiencies in its whistleblower program; failed to appropriately manage conflicts of interest; initially placed too much emphasis on workplace grievances rather than the ethical issues being raised; and failed to provide the whistleblower with appropriate safeguards or support.
Recommendations included:
KPMG accepted all the recommendations except for the review of values and principles.
KPMG said it had a strong set of values it applied across all member firms globally which did not need to be changed. The firm noted its values were not followed in the unethical conduct found within the scandal and in...
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