Australia Proposes Consulting Overhaul After EY Hires Allegedly Accessed PM's Bank Account
Updated
Updated · Bloomberg · Jun 30
Australia Proposes Consulting Overhaul After EY Hires Allegedly Accessed PM's Bank Account
3 articles · Updated · Bloomberg · Jun 30
Summary
Australia proposed sweeping consulting-sector reforms, including stronger policing powers and larger fines, after two junior EY hires allegedly accessed Prime Minister Anthony Albanese's bank account.
The alleged EY breach is the latest in a run of governance and data-handling scandals that have intensified pressure on Canberra to tighten oversight of firms handling sensitive government and corporate information.
KPMG has also faced scrutiny over use of private client information, and lawmakers earlier grilled current and former KPMG Australia partners for more than 10 hours over audit contract claims.
The move signals a broader push to rebuild trust in a sector that has become deeply embedded in Australian government and business operations.