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Natarsha Belling

πŸ‘€ Speaker
1383 total appearances

Appearances Over Time

Podcast Appearances

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Local authorities say that that increase in bear attacks is because of a shrinking human population, but an increase in the bear population, especially in regional areas.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Now it's time to get into our deep dive on the growing scandal engulfing one of Australia's biggest accounting and auditing firms, KPMG.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Its CEO has already stepped down, with serious questions now being asked about who knew what

The Briefing
Australia's economic growth slows + KPMG scandal deepens

and when joining us to explain the ongoing fallout and what may happen next is senior writer with the australian tansy harcourt tansy thanks so much for joining us we know that this is a massive audit leak scandal engulfing kpmg at the moment can you tell us exactly how this was exposed

The Briefing
Australia's economic growth slows + KPMG scandal deepens

And we know KPMG is an auditor of some massive corporations in Australia, but also has a number of government clients, doesn't it?

The Briefing
Australia's economic growth slows + KPMG scandal deepens

We already know there's been a number of key senior managers within KPMG resign over this ongoing scandal, including at the end of last week, the CEO and another senior manager.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Do you think that will be the end of the resignations?

The Briefing
Australia's economic growth slows + KPMG scandal deepens

And in regards to what happens from here, we know, as you mentioned earlier, the federal government seems very concerned about these allegations.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Do you think we will see KPMG lose some massive clients?

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Because Lendlease earlier this week had said that they had ties for decades to KPMG, that it looks like that massive client is set to walk.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

And in regards to the whistleblower, we know that there were allegations the whistleblower said that they were bullied when they brought these allegations to the attention of management within KPMG.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

It's also been alleged that two independent law firms did extensive investigations within KPMG and found nothing.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

How serious are these allegations, Tansy?

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Because we know KPMG is one of the biggest auditors

The Briefing
Australia's economic growth slows + KPMG scandal deepens

and compliance officers in the country.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

How concerning is it about these allegations of cheating and of using confidential information when they're supposed to have the moral and ethical compass in investigating other companies?

The Briefing
Australia's economic growth slows + KPMG scandal deepens

Because as we mentioned earlier, there have been a number of heads roll.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

One would allege that they've walked away with handsome settlements.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

But now there's questions about who knew what and when in the entire organisation.

The Briefing
Australia's economic growth slows + KPMG scandal deepens

And just on that point, we know just a couple of years ago, PwC was involved in a very, very similar scandal.