Good morning.
KPMG spent weeks citing investigations by Ashurst and Allens to prop up its nothing-to-see-here line on the audit leaks. Then, when the Senate inquiry came calling, it served its own lawyers up as the explanation.
But as Capital Brief’s Michael Pelly writes, the firms weren’t wearing it. Across hours of questioning after KPMG threw them under the bus, they walked out without a scratch. As lawyers tend to do.
| ▼ | ASX 200 | 8,816 | -0.14% |
| ▲ | ASX futures | 8,832 | +0.25% |
| ▼ | S&P 500 | 7,473 | -0.37% |
| ▼ | NASDAQ | 26,167 | -1.32% |
| ▼ | AUD/USD | 0.70 | -0.16% |
| ▲ | Bitcoin | 64,357 | +0.48% |
ASX 200 as at market close. Bitcoin in USD.
Market movers
Shares in WiseTech Global plunged 18.4% on Monday after Nine newspapers reported that the AFP is investigating founder and executive chair Richard White over claims he exploited a woman’s immigration status and financial insecurity and provided false information on a visa application.