How a Country Buys Silence
Nobody punished me for speaking up. They laughed. She was punished, after twenty-one years. Two lessons from the same system, and a third one it teaches everyone else. A scandal treated as a scandal In June, I watched a report about KPMG Australia and wrote a short piece about it, When the Auditors Are Not Audited . The story deserves to be told in full, because I only told half of it. KPMG, one of the four largest accounting firms in the world, audited the property group Lendlease for nearly seventy years. That work gave its auditors access to Lendlease's confidential board papers, which contained bids rival firms had submitted to win the work. In May 2024, an employee raised a complaint inside the firm. Partners, the employee said, had used those papers to chase audit contracts at other companies, including the bank Westpac and the property group Dexus. The firm investigated itself and found nothing. The whistleblower did not stop. The complaint went to the regulator, and t...