‘Egregious and Inexplicable’: KPMG’s Day of Reckoning | The Bloomberg Australia Podcast

KPMG Australia is facing its biggest crisis in years after allegations that confidential client information was misused to help win lucrative audit contracts. In this episode, Amy Bainbridge talks to finance reporter Richard Henderson about what emerged from an explosive parliamentary hearing, and why more senior executives are stepping down. We also examine the scandal’s broader implications for the consulting industry, investors and corporate Australia. Why has so little changed since PwC's own confidentiality scandal – and are the industry's rules fit for purpose? See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. It's home to the world's biggest miner and the most China-dependent economy on Earth. The business news of Australia is more important than ever before. Join Rebecca Jones and our team of reporters each week for the smart local analysis you want, with the global context you need into Australia’s biggest stories. Listen to more episodes of The Bloomberg Australia Podcast: https://www.youtube.com/playlist?list=PLe4PRejZgr0MSNZz7MxtmMlSmpoO6u61p Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #News #Podcast #Australia #Bloomberg