Business, markets and economy news from Malaysia.
KPMG Australia has fined seven staff members up to A$180,000 for misusing confidential client data to secure audit contracts, marking the latest consequence from a scandal that has already claimed its CEO, audit chief and chairman.
KPMG Australia's chairman and multiple partners are departing the firm as part of a comprehensive restructuring prompted by whistleblower complaints alleging misuse of client confidential data to gain competitive advantage.
KPMG Australia's chairman and two senior audit partners have resigned following allegations the firm improperly used confidential client information to secure audit contracts, marking further management upheaval at the professional services giant.