Consulting giants face break-up threat to restore trust after scandals
The Australian government is proposing reforms to consulting firms like PwC and KPMG, amid scandals that have damaged sector trust. Assistant Treasurer Daniel Mulino cited the need for change, emphasizing integrity in financial services. Radical options include breaking up firms to separate audit and advisory roles, potentially impacting KPMG's $16 million non-audit revenue from Macquarie Group.
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Published 30 Jun 2026, 19:00 UTC · Updated 30 Jun 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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