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KPMG announces new CEO following audit scandal fallout
KPMG has promoted long-term partner John Sams to chief executive, replacing Andrew Yates who resigned over the audit leaks scandal that has engulfed the firm since March.
Sams has been KPMG’s chief financial officer and a member of its local executive leadership team since last September and had firmed as favourite for the top job in recent weeks. He has also been acting as chief operating officer since Eileen Hoggett resigned from the role in June.
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Committee releases explosive KPMG whistleblower emails
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A powerful parliamentary committee has publicly released a whistleblower’s emails that first raised allegations of misconduct in KPMG Australia’s audit division.
An 18-page document with the nine emails was uploaded to the corporations and financial services committee web pages on the day KPMG announced long-term partner John Sams would be its new chief executive officer.
Sams replaces Andrew Yates after the former CEO, former head of audit Julian McPherson, and other senior partners either left or stood down from positions after the ethical scandal became public on March 24.
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KPMG whistleblower refused to move to Australia, fearing alleged bullying
The whistleblower who triggered the scandal engulfing consulting giant KPMG Australia refused to move to Australia in part because he claimed he had been bullied by one of KPMG’s most senior executives.
Documents released by a parliamentary committee this week show the whistleblower, who has not been identified, had been hired by KPMG outside Australia and had initially been open to moving back as the firm requested under its policies.
In July 2023, the freshly released emails show, the man said that he would not move back to Australia from an unknown country in part because of what he said was “bullying and defamation” by Kim Lawry, a top audit partner and board member at KPMG.
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