Lendlease ditches KPMG as its auditor
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The news: Lendlease has announced it will dump KPMG as its auditor for the group, following the consultancy’s whistleblower scandal.
The context: In an announcement to the ASX, Lendlease said the board had resolved to change its auditor after the conclusion of reporting for the 2026 financial year end.
The company said it is targeting a transition through FY27 to enable the incoming firm to audit the group from the 2028 financial year.
A whistleblower claimed that KPMG improperly accessed data from Lendlease to help win work for audit tenders at Westpac and Dexus.
The Australian Securities and Investments Commission has commenced a formal investigation into KPMG and Chartered Accountants Australia and New Zealand announced it was reviewing the firm over its handling of confidential information.
The source: ASX
