KPMG audits the RBA and runs its whistleblower hotline but maybe not for much longer
The Reserve Bank of Australia is moving to re-tender its whistleblower hotline contract following various scandals involving KPMG. While KPMG currently audits the bank, the RBA is distancing itself from the firm's services.
Why it matters
The move highlights growing institutional scrutiny of the 'Big Four' accounting firms and their role in government and financial oversight.
Reserve Bank Governor Michele Bullock admitted the central bank used KPMG s audit and whistleblower hotline services. ( AAP Image: Dan Himbrechts )
The article reports on government testimony and institutional policy changes without editorializing.
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