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Calls for Australian regulators to be audited after KPMG cheating scandal

A local accounting body has called for Australian regulators, including ASIC, to be audited in the wake of KPMG’s cheating scandal.

Last week, it was revealed that the accounting firm had been fined US$450,000 by US watchdog the Public Company Accounting Oversight Board (PCAOB) after a review found widespread cheating by staff over a four-year period.

Read more at Independent Financial Adviser.

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