KPMG faces another round of job cuts after Macquarie dumped the firm from the most lucrative audit contract in Australia.

Accounting firm KPMG says it will cut 27 partners and about 360 staff from its Australian arm, and revamp its structure as it grapples with lower revenue from lost contracts…

The big four accounting firm will cut 27 partners and 360 staff in the first stage of a cost reduction program triggered by a document misuse scandal.