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Calls for Australian regulators to be audited after KPMG cheating scandal

A local accounting body has called for Australian regulators, including ASIC, to be audited in the wake of KPMG’s cheating scandal.

‘We too have to make tough calls’: KPMG lays off 200 staff, mandates pay cuts

Last week, it was revealed that the accounting firm had been fined US$450,000 by US watchdog the Public Company Accounting Oversight Board (PCAOB) after a review found widespread cheating by staff over a four-year period.

Read more at Independent Financial Adviser.

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