Episode Details

Big consulting firms are under fire after explosive allegations against KPMG surfaced—accusations that top partners misused confidential client data from Lendlease to win audit contracts, forcing the CEO and others to step down. ASIC’s probe has now expanded to include Deloitte, EY, and PwC, examining widespread claims of auditor misconduct and data misuse. ASIC chair Sarah Court called the KPMG case “serious,” highlighting current legal limits on investigating entire firms, and pushing for stronger regulations and penalties. With the government eyeing regulatory overhauls, this could reshape how these giants are held accountable—and what’s at stake for the industry.

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