KPMG whistleblower claims regulator has to be 'dragged' to investigate misconduct allegations
A KPMG whistleblower has criticized the Australian Securities and Investments Commission (ASIC) for its perceived reluctance to investigate misconduct allegations within the firm. The regulator is set to face a parliamentary inquiry regarding its handling of whistleblower complaints and potential misuse of client data.
Why it matters
This highlights systemic concerns regarding regulatory oversight of major accounting firms and the protection of whistleblowers in the corporate sector.
KPMG is the subject of an inquiry over the alleged misuse of client data and the subsequent handling of a whistleblower's complaint. ( ABC News: Maren Preuss )
The Australian Securities and Investments Commission will appear before a parliamentary inquiry on Friday.
The regulator is expected to face questions about how it responded to whistleblowers reporting alleged misconduct by accounting firm KPMG.
Link copied Share Share article A KPMG whistleblower says the Australian Securities and Investments Commission (ASIC) has to be "dragged kicking and screaming" to investigate alleged misconduct disclosures at the accounting firm.
The regulator is being hauled before Friday's parliamentary inquiry, which is investigating how KPMG audit partners allegedly misused client data and then mishandled a whistleblower's complaint about it.
The inquiry has since heard from other whistleblowers at KPMG and other big four firms.
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