Post #3558861

The #KPMG scandal has engulfed the #Westpac board, with one of the big bank’s directors, Peter Nash, resigning effective today. The bank announced Nash’s resignation at 4.11pm, after markets had closed. Nash had been chair of Westpac’s board audit committee, including when KPMG was #tendering for its audit in 2023 and 2024. Nash was a former chair of KPMG, which won the lucrative contract. A #whistleblower has alleged the tender was “structurally compromised”, with former KPMG partners holding key Westpac roles and KPMG being given inside guidance on its bid, Senator Deb O’Neill told federal parliament in March. #auspol