Aug 31, 2026 – 12.06pmMacquarie director Michelle Hinchliffe met three times with senior KPMG figures involved in the firm’s bid for the financial services and investment banking giant’s lucrative audit contract, despite contact of this sort during the tender process being a breach of the board’s internal rules.Hinchliffe, a former KPMG partner who recused herself from the final vote on the $95 million contract, admitted to meeting then chairman Martin Sheppard, dining with audit partner Pat Stebbens and speaking with another employee in the months leading up to the selection of the audit and consulting firm as the company’s preferred auditor last November.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Macquarie admits director repeatedly met KPMG figures during audit bid
The financial service giant’s chairman Glenn Stevens had described questions over former KPMG partner Michelle Hinchliffe’s involvement as “silly talk”.
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