KPMG has ousted the head of its financial services consulting division following an investigation into his conduct.
The Big Four accounting firm last night confirmed to reporters that Tim Howarth has left the company.
“We hold all of our people to a very high standard and take swift and appropriate action against any individual whose behaviour contravenes the firm’s values,” KPMG said in a statement.
“We can confirm conduct issues have been raised related to a partner and following an internal investigation and disciplinary panel, that partner has left the firm.”
KPMG said Howarth, whose profile has been removed from the company website, has appealed the decision. The firm did not comment further on the nature of the alleged misconduct.
Howarth told the Financial Times, which first reported the story, he was “surprised” at the announcement as the decision was under appeal.
“I did not believe that the process was fair or would lead to a just outcome. There is no complainant and there were no formal allegations pursued by anyone,” he said.
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