KPMG’s crisis looks like a story about one firm’s resignations and investigations. The real story is the collective trust the whole profession has spent, and a government now deciding how much of the sector’s freedom to take back. There are rules for winning that trust back, and most of the big four are breaking them.To date, the focus on the fallout from the KPMG auditing crisis has been on the senior resignations, client and staff defections, and impending investigations raining down on the firm.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
One bad apple? The big four consulting firms face a reckoning
Over the past four years, each of Australia’s major auditors has taken its turn depleting its own and the sector’s societal capital, each in a different way.
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