Aug 14, 2026 – 6.16pmDirectors from Westpac, Dexus, and Optus have raised concerns about audit quality amid KPMG’s data misuse scandal and called for tougher regulation of the wider professional services industry.Westpac director and former Lendlease chairman Michael Ullmer, who started his career at KPMG, told Friday’s parliamentary hearing that it was time for more regulation of the industry.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Directors back audit reform amid KPMG crisis, reject ‘toothless’ boards
Westpac’s Michael Ullmer and Optus chairman John Arthur warned that corporate governance models cannot be successfully grafted onto partnerships.
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