KPMG

Australia's top corporate cop is grappling with cleaning up a sector mired in scandal in recent years.

Piece by piece, parliamentary hearings into KPMG Australia laid bare the tensions at the heart of the nation's audit industry.

"Family-run" businesses are transitioning away from internal leaders into more of a "family-governed" holding company model, according to a new report.

A deepening fallout engulfs the scandal-hit audit and consulting firm.

After years of promises, stablecoin issuer Tether said it has received a full independent audit of its financial statements for the first time.

The Public Company Accounting Oversight Board released its annual inspection reports for the largest six audit firms, indicating better results.

The saga has triggered a leadership shake-up at the firm after whistleblower allegations that confidential client information was used to help secure business.

New revelations about staff mishandling confidential client information deepen the crisis engulfing the scandal-hit firm.

The moves follow investor unease over Macquarie's hiring of KPMG, which has faced misconduct allegations in recent months.

KPMG announced a strategic alliance with OpenAI to develop solutions that reflect a new "headless" vision for enterprise software where AI becomes the main work surface.

CFO John Sams will become CEO as the Australian arm of the global audit and consulting giant attempts to steer through a scandal that has rocked the firm.

Big Four firms have been embroiled in a series of scandals rocking the consulting sector.

Plus, KPMG names new int'l leaders; a new director of enforcement at the PCAOB; and other firm and personnel news from across the profession.

Plus, Canopy announces Canopy Close Automation in open beta; MYCPE ONE rolls out managed cybersecurity services for businesses; and other news.

Plus, Expensify, Ignition both announce new MCPs; Xero makes standard ACH free; and other news and updates from the accounting tech arena.

The benefit allowed the accountancy firm's staff to finish work early on Fridays during the summer months.

Australia's central bank and one of the country's biggest pension funds are distancing themselves from KPMG Australia amid whistleblower misconduct allegations.

Postponing tax integration leads to misaligned systems, expensive retrofitting projects, and a failure to optimize cash flow and reduce enterprise risk.

Plus, Paychex announces WISE AI Platform; KPMG creates chief product officer role; and other accounting tech updates.

The alliance with Anthropic will embed Claude Cowork into KPMG's global client delivery platform, beginning with tax and legal clients.