The inevitable resignation of KPMG chairman Martin Sheppard and the new action plan unveiled by the accounting firm on Tuesday only serve to highlight how we’ve allowed the professional services sector to operate in a parallel universe for far too long.After the biggest scandal in KPMG’s history, one which has infected the beating heart of the firm’s credibility – its audit function – apparently the big step forward is to appoint an independent chair and more independent directors. Really?Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
KPMG’s own rescue plan shows firm is still on another planet
The governance makeover at KPMG shows how big accounting firms have been allowed to operate in a parallel governance universe for far too long.















