Episode Details

KPMG Australia’s leadership is in turmoil after the head and a partner resigned over mishandling whistleblower complaints, with ASIC now investigating three auditors. The firm admitted its initial probes lacked rigor and apologized for mishandling client documents, pledging cultural reforms. CEO Andrew Yates and audit partner Julian McPherson took personal accountability, while Stan Stavros steps in as interim CEO. Amid the fallout, the ASX 200 rose on hopes of a Middle East peace deal and falling oil prices.

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