KPMG

The cuts affect 10% of staff across support teams and is said to be part of the ongoing integration between its UK and Switzerland arms

New chair Michael Ebeid says first priority is to restore board effectiveness

A paper from the Treasury department said the recent conduct of the Big Four accounting firms exposed gaps in Australia’s regulatory framework

Transgressions across high profile firms in recent years spark calls for an industry overhaul

The firm employs about 9,000 people, including close to 700 partners

Persistent consulting scandals prompt questions over lack of tighter government laws

Latest controversy will likely accelerate sector decline, analysts say

State and federal agencies are reviewing their current contracts, private sector clients have also cut ties

The property firm is targeting a transition through FY27 to enable the new firm to audit from fiscal 2028