Chartered Accountants Chief 'Disgusted' by KPMG Conduct During Senate Hearing

The chief executive officer of Chartered Accountants, Ainslie van Onselen, has expressed her strong disapproval, stating she is 'disgusted' by KPMG's conduct. Her remarks were made during a Senate hearing where KPMG's actions were under scrutiny. The hearing is investigating allegations of misconduct within the firm. Van Onselen's testimony highlights the concerns raised by professional bodies regarding KPMG's practices. The event is part of a broader examination of ethical standards in the accounting profession. Insights from business reporters are being provided through a live markets blog. The testimony underscores the gravity of the issues being discussed.

This testimony from a professional body's leader expresses strong condemnation of KPMG's alleged misconduct, signaling significant ethical concerns.