KPMG whistleblower slams ASIC's 'poor attitude' towards misconduct probe
A KPMG whistleblower says the watchdog has to be "dragged kicking and screaming" to investigate alleged misconduct disclosures at the firm.
A KPMG whistleblower has criticized the Australian Securities and Investments Commission (ASIC) for its "poor attitude" towards investigating misconduct allegations at the accounting firm. The regulator is set to appear before a parliamentary inquiry on Friday, which will examine how KPMG audit partners allegedly misused client data and mishandled a whistleblower's complaint about it.
The whistleblower claims ASIC has been reluctant to act on disclosures of alleged misconduct, instead preferring to rely on the public to expose wrongdoing. The inquiry has heard from other whistleblowers at KPMG and other big four firms, with ASIC expected to face tough questions about its handling of such complaints.
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