Outgoing KPMG chair reckons his replacement might be busy, as the bodies pile up from the joint committee on corporations and financial services hearing.
Scandal-riven audit and consulting firm KPMG will lose its current Australian chair, Martin Shephard, former chief operating officer Eileen Hoggett, and senior partner Paul Rogers just days after an eviscerating joint committee on corporations and financial services hearing on Friday that revealed a fresh catalogue of contradictions and cover-ups surrounding its treatment of a whistleblower.
The executive departures follow the recent exit of former KPMG Australian chief executive Andrew Yates and audit and assurance partner Julian McPherson.
As the firm’s woes and accompanying body count continue to pile up, KPMG on Tuesday once more attempted to find a circuit breaker for its reputational downward spiral, announcing that it is now putting in place “governance overhaul and a comprehensive action plan to address integrity issues and strengthen accountability across the firm.”
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