{"id":723140,"date":"2026-06-08T13:48:14","date_gmt":"2026-06-08T13:48:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/723140\/"},"modified":"2026-06-08T13:48:14","modified_gmt":"2026-06-08T13:48:14","slug":"asic-probes-kpmg-australia-partners-over-client-data-usage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/723140\/","title":{"rendered":"ASIC probes KPMG Australia partners over client data usage"},"content":{"rendered":"<p>                        <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/IAB-2-KPMG-1.jpg\"\/><br \/>\n                        KPMG initially ran its own internal review of the claims and reported it could not verify any misconduct. Credit: Karolis Kavolelis\/Shutterstock.com.<\/p>\n<p class=\"drop-cap\">The Australian Securities and Investments Commission (ASIC) has opened a formal investigation into three KPMG Australia partners following whistleblower claims that confidential client documents were misused to secure audit mandates.<\/p>\n<p>According to a Reuters <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/corporate-regulator-investigating-kpmg-australia-partners-over-audit-leak-2026-06-05\/\" target=\"_blank\" rel=\"nofollow noopener\">report<\/a>, the inquiry comes as some major corporate and government entities are reassessing their dealings with the \u2018Big Four\u2019 firm.<\/p>\n<p>            <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/GD-brand.png\" alt=\"\"\/><\/p>\n<p>            Access deeper industry intelligence<\/p>\n<p>\n            Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.\n        <\/p>\n<p>\n            <a href=\"https:\/\/verdict.co.uk\/globaldata-intelligence-center?utm_source=Media-sites&amp;utm_medium=Website&amp;utm_campaign=Verdict-Curve-Media-Media-Landing-Page-Banner-IC-Demo&amp;CampaignValue=701Ti00000blv0kIAA&amp;utm_content=RHS\" class=\"gms-find-out-more\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                Find out more<\/p>\n<p>            <\/a>\n        <\/p>\n<p>ASIC chair Sarah Court told the senate committee that the ASIC is currently focused on three registered company auditors, while signalling the investigation could broaden.<\/p>\n<p>Court was quoted by the news agency as saying: \u201cThere are three registered company auditors that are currently within the scope of what we were looking at, but I have to say this is an ever-moving feast at the moment as more \u2060information comes our way. So I don\u2019t know that will be the end of it.\u201d<\/p>\n<p>The matter stemmed from allegations raised in March by Labor Senator Deborah O\u2019Neill, who used parliamentary privilege to air concerns from a whistleblower about practices inside KPMG.<\/p>\n<p>The whistleblower alleged that confidential board papers belonging to property group Lendlease were used to support bids for substantial audit tenders with Westpac and real estate company Dexus.<\/p>\n<p>KPMG initially ran its own internal review of the claims and reported it could not verify any misconduct.<\/p>\n<p>The company has since appointed law firm Allens to conduct an external investigation into the issues raised.<\/p>\n<p>Court told the Senate that KPMG partners Paul Rogers and Eileen Hoggett are two of the three auditors being examined by the ASIC.<\/p>\n<p>However, the identity of the third partner has not been disclosed.<\/p>\n<p>Meanwhile, the Reserve Bank of Australia is <a href=\"https:\/\/www.internationalaccountingbulletin.com\/news\/rba-set-to-drop-kpmg-from-whistleblower-hotline-as-crisis-deepens\/\" target=\"_blank\" rel=\"nofollow noopener\">reportedly preparing<\/a> to end KPMG Australia\u2019s role in running its whistleblower hotline amid the misconduct allegations against the company.<\/p>\n<p>                    <img decoding=\"async\" src=\"https:\/\/www.internationalaccountingbulletin.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/><\/p>\n<p>\n                    Sign up for our daily news round-up!<br \/>\n                    Give your business an edge with our leading industry insights.\n                <\/p>\n","protected":false},"excerpt":{"rendered":"KPMG initially ran its own internal review of the claims and reported it could not verify any misconduct.&hellip;\n","protected":false},"author":2,"featured_media":723141,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-723140","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/723140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=723140"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/723140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/723141"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=723140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=723140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=723140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}