Lendlease Reviewing KPMG Contract Amid Misconduct Allegations

Multinational property developer Lendlease Corp. is reconsidering its long-standing relationship with Big Four accounting firm KPMG Australia amid the fallout from a whistleblower’s misconduct allegations.

Lendlease will review its audit services after it’s completed its financial reporting for the fiscal year that ends July 1, it said Monday by email, adding that it was “not appropriate to make a change in auditors this close to financial year-end.”

KPMG Australia CEO Andrew Yates and the firm’s national managing partner for audit and assurance, Julian McPherson, on Friday said they were stepping down to take responsibility for mishandling claims brought by ...