‘Is the whole barrel rotten?’ Australian lawmakers, grilling KPMG, suggest more regulation of audit industry may be needed (opens original article in a new tab)

Australian lawmakers suggest more regulation of the audit industry following a scandal involving KPMG, where executives were grilled over misconduct allegations and whistleblower treatment. The firm admitted to mishandling a whistleblower complaint, and lawmakers questioned the effectiveness of the partnership structure for accounting firms.

• Australian lawmakers suggest more regulation of audit industry after KPMG scandal
• KPMG executives grilled over misconduct allegations and whistleblower treatment
• Whistleblower accused of having computer searched and lacking legal protections
• Former KPMG CEO admits firm mishandled whistleblower complaint
• Lawmakers question effectiveness of partnership structure for accounting firms