KPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The company admitted mishandling a whistleblower complaint and launched new investigations. Several high-level executives have departed the firm since the scandal broke. KPMG is evaluating various options to address current challenges and future needs.

Two sources close to the firm said the number of redundancies could exceed 1000 while some partners expect pay cuts of up to 20 per cent.

KPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The company admitted mishandling a…