KPMG Australia Fallout Widens as RBA, Pension Reassess (2)

One of Australia’s biggest pension funds is ramping up scrutiny of KPMG Australiaand the nation’s central bank moved to sever ties with the firm, as the accounting giant’s handling of misconduct allegations by a whistleblower fuels the latest scandal to rock the industry.

Reserve Bank of Australia Governor Michele Bullock told senators at a hearing Thursday it will likely not reappoint KPMG to run its whistleblower phone hotline. Pension fund Rest said it’s asking for more detail about what transpired with KPMG’s handling of confidential information, while the state government of New South Wales said it’s seeking reassurances on ...