SydneyKPMG is cutting 27 partners and 360 staff.
Shedding owners, not just employees, reprices the firm’s partnership during a whistleblower scandal.
Advisory revenue fell 16.9% this year, and consulting has long subsidized audit work sold to the same clients.
Australia’s parliamentary inquiry into KPMG’s conduct continues, with senators citing further whistleblower contacts.
Sources: Business Insider