Edmund Tadros on the fallout from the firm’s audit leaks scandal and what the government might do to bring the big four accounting firms into line.

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…