We launched the KPMG Australia Action Plan on 23 June 2026 to address the integrity issues facing our firm, strengthen accountability and ensure the failings we have seen are not repeated.
The plan is focused on three areas: governance, culture and ethics, and controls.
- Appointing an independent Chair.
- Appointing independent directors to the Australian Board to ensure balance of independent and non-independent members going forward.
- Reviewing and updating the role and remit of the board in line with corporate governance best practices. This will include ensuring independent board members are involved in Board sub-committees overseeing matters including audit quality, ethics, whistleblower oversight.
- Conducting an independent retrospective review of the firm’s whistleblowing system, with Principia Advisory appointed to conduct the review. Publishing the Principia Advisory findings.
- Reviewing and updating its conduct and consequences framework to further discourage misconduct and ensure that appropriate sanctions and other consequences are applied if misconduct occurs.
- Updating its whistleblower policies and procedures and providing associated firmwide training to ensure clear guidance and requirements for how whistleblower disclosures must be identified, escalated and governed, and for how whistleblowers should be managed.
- Strengthening the firm’s system of quality management, with a specific focus on controls related to compliance with professional and ethical standards.
- Amending audit pursuit policies and procedures to strengthen ethical barriers.
- Mandating firmwide training on client confidentiality, privacy and information protection, with additional targeted confidentiality training for all Audit partners and directors.
Dr Kerry Schott AO supports the Board’s oversight of the plan, providing independent challenge and advice on the depth and breadth of our work, identifying gaps and considering the findings of external reviews.
We will publish a progress report each month so our people, clients and the public can see clearly what has been delivered and what remains to be done. We will also provide the reports to regulators and other stakeholders.
Download KPMG's Action Plan
This Action Plan includes:
- immediate actions that have already been identified and which we will begin to implement now
- third-party reviews to be undertaken, through which we expect to identify additional actions
- next steps including how we will report on our progress in relation to this Action Plan.
Progress report
August 2026
Our first monthly report sets out the actions completed, the work underway and the milestones ahead. It also shows where third-party reviews will shape and strengthen our response.
