KPMG Australia seeks $100m bailout from parent group after scandal Big Four KPMG Australia is reportedly considering asking for $100m (£52.6m) in emergency loans from the Big Four firm’s global network after a scandal rocked the firm’s reputation and business down under. The Australian firm’s newly appointed chief executive, John Sams, has considered asking KPMG International to loan the arm up to $100m or waive its fee [...]
The good news nobody will tell you: the Great Barrier Reef is refusing to die on schedule Opinion Despite the efforts of an entire PR industry built to predict its demise, the Great Barrier Reef is actually flourishing, says Bjorn Lomborg Australia’s marine scientists recently released their annual audit of the Great Barrier Reef, and it contains news you almost certainly haven’t heard: coral cover held steady or increased across most of the [...]
Don’t underestimate the free trade agreement Britain just joined Opinion The UK’s entry into the CPTPP, the world's largest free trade area that does not include the US, EU or China, should not be underestimated.
KPMG seeks financial support from parent group in wake of audit scandal August 24, 2026 KPMG Australia has asked its parent company for financial support and laid off hundreds of staff after an audit scandal rocked the Big Four firm’s business down under. In its annual results on Monday, the Australian arm of the accounting group said it will cut its workforce by five per cent and partner pay by [...]
Glencore targets secondary listing in Australia as London loses mining shine August 5, 2026 Glencore will launch a secondary listing in Australia in the latest blow to London’s ailing stock market as miners continue to eye opportunities away from the UK. The mining and trading juggernaut, which is among the largest companies on the FTSE 100 boasting a market cap of £64.4bn, is pursuing the listing following its group’s [...]
EY grad sacked down under for allegedly accessing PM’s bank account June 30, 2026 A junior employee at Big Four accounting giant EY Australia has been sacked over allegations he and another man accessed prime minister Anthony Albanese’s personal bank account. Both men faced court on Tuesday over the breach which, according to the Australian federal police, took place when the EY graduate was on secondment at the Commonwealth [...]
KPMG chair and senior partners to quit firm over audit scandal fallout June 23, 2026 KPMG Australia’s chair will leave the Big Four firm in the fallout of a scandal over misusing confidential client data to win audit contracts, along with two senior partners. Martin Sheppard, who has held his position as chairman since 2023, will “shortly” resign from his position at KPMG to be replaced with an independent chair, [...]
City law firm denies ties to KPMG Australia scandal June 22, 2026 City-headquartered law firm Ashurst has denied its involvement in investigating allegations at KPMG Australia as the Big Four firms’ scandal fallout continues to heat up down under. Ashurst reportedly carried out an investigation from June to August 2025 over allegations made by a whistleblower against an unnamed former executive, following the Big Four firm conducting [...]
Musk brands UK a ‘police state’ as Big Tech rebels against Starmer’s social media ban June 16, 2026 Elon Musk, Meta and Google’s YouTube have all attacked Keir Starmer’s planned social media ban for under-16s, warning the restrictions will drive teenagers towards less safe corners of the internet and create sweeping new surveillance powers. The backlash comes as ministers consider forcing Apple and Google to carry out age checks on millions of British [...]
Ditched by clients and Australian government: What is happening down under at KPMG? June 15, 2026 KPMG’s Australian arm has been ditched by the country’s government for audit work until September, following the fallout of allegations that the firm mishandled client information, in the latest nightmare for the Big Four firm down under. The Big Four giant will be unable to bid for any Australian government contracts until September 2026, as [...]