Accounting firm KPMG is engulfed in a scandal that has seen several senior leaders quit and ASIC launch an investigation into the firm's business dealings.

Accounting firm KPMG is engulfed in a scandal that has seen several senior leaders quit and ASIC launch an investigation into the firm's business dealings.

KPMG’s Australian arm has been ditched by the country’s government for audit work until September following the fallout of allegations that the firm mishandled client information.