Business · Press ✓ 3 outlets
KPMG's trouble spreads as Macquarie reviews its board conflict policy
The AFR reported that Macquarie will review its board conflict-of-interest policy after the KPMG probe, that a proxy adviser opposes a BHP board nominee over meetings with KPMG, and that Macquarie is borrowing KPMG's old playbook. The Herald and the AFR reported on Monday that KPMG Australia is seeking up to $100 million in emergency loans from the global network. No loan has been announced.
The fallout is moving from one firm to its clients and boards.
None directly.
Watch whether any major client names KPMG as auditor in its next filing.
DailyDrop Australia edition No. 2 · Morning · TUE., OCT. 6, 2026