Lendlease seeks new auditor as KPMG Australia faces regulatory probe
The property firm is targeting a transition through FY27 to enable the new firm to audit from fiscal 2028
Add BT as a preferred source
PROPERTY firm Lendlease said on Monday (Jun 15) that its board had decided to change its auditor as Australia’s corporate regulator investigates three KPMG Australia partners linked to whistleblower allegations.
The whistleblower has alleged misconduct at the ‘big four’ giant and that confidential board papers from Lendlease were used to support bids for major audit tenders for Westpac and Dexus.
Lendlease seeks an “orderly handover” after picking a new auditor, targeting a transition through FY27 to enable the new firm to audit from the fiscal 2028.
KPMG is Lendlease’s auditor, as per its financial statements. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
