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EXPLAINED: Kpmg - The Real Truth

KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imposed after an internal audit leak probe. This scandal has already led to the resignations of the firm's CEO and other senior leaders. The Australian Securities and Investments Commission is also investigating…

The Economic Times

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

The Economic Times

KPMG Australia weighs 1,000 job cuts amid audit scandal

KPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The company admitted mishandling a whistleblower complaint and launched new investigations. Several high-level executives have departed the firm since the scandal broke. KPMG is evaluating various options to address current…

The Economic Times

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CEOs are being left baffled at the high cost of moving to AI — shockingly enough, sacking human workers isn't resulting in huge savings

Replacing human workers with AI isn't always the best decision, shockingly.

TechRadar

Audit firms to be investigated following KPMG scandal

Major consulting companies will have their audit firms investigated by the corporate watchdog in an inquiry triggered by allegations surrounding KPMG.

AAP

34,000 new jobs to power region's future economy puts Hunter in league with Australia's enterprising regions

The Newcastle and Hunter economy is set for significant changes with more than 30,000 new jobs forecast to drive emerging industry over the next five years.

Newcastle Herald

Scottish Open 2026 Betting Tips: Can Baz Tip A Third Consecutive Winner?

Our expert tipped the winner of the KPMG Women's PGA Championship and the John Deere Classic in the past two weeks, but who does he fancy at the Scottish Open?

Golf Monthly

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E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

The Economic Times

New KPMG chair slagged off Labor senator in email

A parliamentary committee has released an email by newly appointed KPMG chairman Michael Ebeid in which he criticised Labor's Deborah O'Neill.

AAP

KPMG appoints chair who claimed leak allegations were ‘completely false’ and called senator’s actions ‘inappropriate’

Greens senator says appointment of Michael Ebeid ‘risks entrenching the very culture and leadership that need to change’

The Guardian - AU

Morning Mail: Hanson and Pocock’s unlikely alliance, Trump’s crypto billion, getting ‘Murdoched’

One Nation leader unites with independent senators to back battle for Aukus transparency; former News journalists reveal empire dark arts

The Guardian - AU

Australia’s mortgage burden is now above 1989 levels – when interest rates were 17%

KPMG analysis rebuts claims older generations had it harder when it came to buying and paying off a home

The Guardian - AU

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

The Conversation

Big four breakup: Govt considers move to split consulting and audit arms

Treasury outlines radical audit split options for big four.

The Canberra Times

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AAP

Number's up for crisis-hit accounting firms in shake-up

Treasury is proposing splitting auditing and consulting functions under reforms to the industry following scandals involving the major firms.

The Guardian - AU

Politicians and media gather for Canberra’s Midwinter Ball– as it happened

This blog is now closed.

Golf Monthly

John Deere Classic Betting Tips 2026: Can Baz Improve On Last Week's Runner-Up Selection?

Our betting expert tipped the runner-up last week on the PGA Tour, but he fancies his chances of going one better with three tips at the John Deere Classic

The Independent UK

Two EY employees charged with accessing bank details of Australian PM Albanese: ‘Incredibly concerning’

Two men, aged 21 and 25, charged with unauthorised access to restricted data

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The Economic Times

Global Market: Financial firms shift Asia expansion focus to South Korea, take cautious stance on China and India

Global financial firms are increasingly prioritising South Korea for Asia-Pacific expansion while adopting a cautious approach towards China and India, an ASIFMA-KPMG survey found. Regulatory clarity, stable policies and capital market opportunities are driving investment decisions, as firms reassess regional strategies amid geopolitical risks and operational challenges.

Golf Monthly

LPGA Tour Pro Doubles Career Earnings After Making Major History... (But Brutal Lip-Out Cost Her $250,000)

A record tournament purse gave several pros the chance to change their lives, and that's what happened to Dewi Weber... but it could have been even better...

The Economic Times

92% of tech executives see AI management as vital work skill by 2031: KPMG

As the corporate landscape shifts toward automated decision-making, 92 per cent of tech executives report that managing artificial intelligence agents will become an important skill within the next five years. According to a report by KPMG, this rapid rise of agentic AI is forcing organizations to overhaul their workforce structures…

Golf Monthly

KPMG Women's PGA Championship Prize Money Payout 2026: How Much Will Each Player Earn From The All-Time Record Purse?

There is an all-time record tournament purse on offer at the third women's Major of the season - here's how much the winner and the rest of the field will earn

The Guardian - AU

Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’

AAP

Under-fire firm still has ethics, leadership contracts

Having been hauled over the coals by a parliamentary committee, KPMG is again facing scrutiny regarding its suitability to run government training programs.

The Economic Times

EY, KPMG, Deloitte among top 10 auditors by number of companies audited in FY26

India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisation exposure. Concentration persists, with limited firms handling multiple mandates, while auditor exits and tenure completions signal ongoing churn within the listed companies’ audit ecosystem.

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