KPMG Australia Chairman, Two Partners Resign Amid Audit Scandal

The whistleblower alleged that KPMG used confidential board papers from real estate company Lendlease to support bids for major audit tenders. Rogers and Hoggett were identified by the whistleblower as the lead partners involved in the alleged misconduct concerning the Lendlease audit team. These allegations are currently under investigation by Australia's corporate regulator.

Interim CEO Stan Stavros stated that the decisions were necessary and immediate, acknowledging that the firm did not meet expected standards and recognizing the impact on the whistleblower, employees, clients, and the community. In response to the scandal, KPMG has committed to strengthening its governance by appointing an independent chair and adding independent members to its Australian board.