Jun 12, 2026 – 2.06pmMacquarie Group has snubbed a parliamentary inquiry into KPMG’s audit leak scandal, which is investigating allegations over the integrity of the big four firm’s $75 million-a-year auditing contract with the financial services group.Labor senator Deborah O’Neill wrote to Macquarie CEO Shemara Wikramanayake about whistleblower allegations aired in the Senate, including that “serious concerns regarding independence and integrity” arose during KPMG’s successful pursuit of Macquarie’s audit in 2025.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Macquarie snubs inquiry into KPMG’s audit leaks scandal
As Macquarie dismisses a parliamentary inquiry, property giant Dexus hauls in KPMG’s chairman to explain the alleged misuse of restricted data.
TL;DRAI
Macquarie refused the parliamentary inquiry into KPMG's audit leak scandal, challenging a $75 million annual auditing contract over 2025 independence allegations. The major financial group's resistance signals governance and audit integrity risks that matter for enterprises evaluating big four oversight partners.
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