Australia's Consulting Firms Face Reform Calls After EY Staff Accessed PM's Bank Details
Updated
Updated · Bloomberg · Jun 30
Australia's Consulting Firms Face Reform Calls After EY Staff Accessed PM's Bank Details
3 articles · Updated · Bloomberg · Jun 30
Summary
Fresh reform calls hit Australia’s consulting sector after junior EY staff allegedly accessed Prime Minister Anthony Albanese’s bank details before being detected and fired, Bloomberg reported Tuesday.
The pressure intensified because the EY episode followed another data-handling scandal at KPMG, deepening concerns over how major firms protect confidential business and government information.
More than a week earlier, lawmakers spent over 10 hours grilling current and former KPMG Australia partners over claims the firm used private client information to win lucrative audit contracts.
The back-to-back cases have pushed lawmakers and industry insiders to demand stronger safeguards and broader reforms across Australia’s consulting industry.