KPMG Australia Grilled by Lawmakers Over Latest Audit Scandal

KPMG Australia executives clashed with lawmakers on Friday as a parliamentary hearing examined the latest scandal to grip the industry.

More than 30 people, including current and former senior KPMG personnel as well as its customers, lawyers and board members, are testifying in Canberra for an ethics and professional accountability hearing.

KPMG is alleged to have misused confidential information from property developer Lendlease Group to win contracts with other corporate clients including Westpac Banking Corp. and real estate manager Dexus, according to details outlined under parliamentary privilege in March. KPMG has admitted its treatment of a whistleblower and an ...