Westpac, Optus front Senate hearing into KPMG whistleblower scandal
Westpac and Optus, both former clients of KPMG, are among companies fronting an Australian Senate hearing into the consultancy giant's whistleblower scandal. The hearing is examining how KPMG handled internal allegations before they became public.
Westpac and Optus are among former clients of KPMG fronting an Australian Senate hearing into a whistleblower scandal engulfing the consultancy giant, according to ABC News Australia. Lawmakers are examining how KPMG handled internal allegations before they became public.
Westpac has voiced concern over what it described as a "drip feed" of information from KPMG throughout the unfolding scandal, saying the piecemeal disclosures have made it difficult for former clients to assess their own exposure. The hearing is part of a broader probe into KPMG's Australian audit practices.
The scandal has drawn scrutiny from regulators and corporate clients alike, raising questions about oversight at one of the country's largest professional services firms. Further witnesses, including other former KPMG clients, are expected to testify as the Senate inquiry continues.
Read next
New Zealand's aged care sector faces $650 million funding gap
New Zealand's aged care sector is facing a $650 million funding gap despite $5 billion a year in retirement village sales, according to a new report cited by RNZ. A lack of profitability in the care side of the business may be stalling further investment.
US trade court upholds Trump's end to 'de minimis' import loophole
Which way for EU enlargement? Brussels faces a moment of truth over the bloc's expansion
Trump sued over Truth Social's $100,000 early access service
