Chairman and two partners of KPMG Australia resign
Summary
KPMG Australia’s chairman Martin Sheppard and two audit partners are resigning after the firm’s scandal involving misuse of confidential client information and whistleblower handling. The company is also moving quickly to overhaul governance, add independent oversight, and commission external audits. Interim CEO Stan Stavros says the changes are immediate and necessary to restore accountability and trust. The scandal has already led to other leadership changes and is damaging business for major accounting firms in Australia.
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