1 day ago
SYDNEY, Aug 14 (Reuters) - Leaders from some of Australia's biggest companies, including major banks Macquarie Group and Westpac, will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG's alleged misuse of client data to win audit contracts.
Macquarie's chairman and chief financial officer, and Westpac's audit committee chair have been summoned before the committee, which will also hear from telecoms provider Optus' CEO and the chair of property firm Dexus.
The day-long parliamentary hearing is the second to be called since whistleblower accusations that KPMG's staff used inside information to win lucrative audit contracts came to light in March.
Macquarie, Westpac, Optus and Dexus are all companies caught up in the alleged misconduct by KPMG's senior audit partners.
While KPMG initially said the allegations were unsubstantiated, the scandal has since led to the resignations of the firm's CEO, audit boss and chairman.
#optus #dexus
Macquarie's chairman and chief financial officer, and Westpac's audit committee chair have been summoned before the committee, which will also hear from telecoms provider Optus' CEO and the chair of property firm Dexus.
The day-long parliamentary hearing is the second to be called since whistleblower accusations that KPMG's staff used inside information to win lucrative audit contracts came to light in March.
Macquarie, Westpac, Optus and Dexus are all companies caught up in the alleged misconduct by KPMG's senior audit partners.
While KPMG initially said the allegations were unsubstantiated, the scandal has since led to the resignations of the firm's CEO, audit boss and chairman.
#optus #dexus
