Former RBA Governor’s Damning $700m Question for KPMG The recent revelations about KPMG's misuse of confidential client data have sent shockwaves through the financial sector.
The scandal raises fundamental questions about corporate governance, particularly regarding the independence of auditors and the effectiveness of regulatory bodies.
Former RBA governor Glenn Stevens, who is also Macquarie's chairman, has made it clear that he wants answers on whether KPMG can be trusted to continue auditing the company's books.