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A Bit rich.

  • brypat3
  • Jul 15
  • 2 min read

Further to the previous blog, another article by Jason Koutsoukis in this week's "The Saturday Paper'

provides us with even more concern about the antics of so many of our corporate identities. In recent months, we have been assailed with the wrongdoings of the accounting /auditing professions. Two of the four largest of these organisations have been outed by the press, and rightly so! The fact that we ordinary citizens have assumed that our political masters ie. the governments, have always been in charge and control, is being proven false. Why should we, the taxpayers/voters, believe that not all of this so-called big four of the profession are tarred with the same brush? One would have to believe that where there is so much deceit, even dishonesty, the Federal police should be enlisted to launch a serious enquiry into this matter. It appears to be criminal corruption of the highest order and should eventually, be the subject of a Royal Commission. The Royal Commission into Banking /Superannuation and the services industry, commenced Late 2017 with it's final report released Feb.1 /2019, was to some extent a disappointment but nevertheless truly necessary.

A Royal Commission into the accounting/auditing profession, it may be considered "white collar" crime, but criminal it is. The fact that the political parties, while in government, seem unable or unwilling to address these issues should also be part of a Royal Commission. Following,- are some extracts from Jason's article, illustrating clearly how corrupt the Profession is.-

1."Leaked pay documents"

2."The documents explain the pay and bonus structures for KPMG's most senior partners. They reveal that in the 2025 financial year, the firm had a final distributable pool of $366.1 million for the firm's 49 salaried partners and $1.6 billion for its 597 equity partners."

3."Initially,KPMG denied the allegations." "While there was no evidence provided at the time to support the allegations, we have treated the matter seriously" " then chairman Martin Shepherd and then chief executive Andrew Yates said in a statement. "WE commissioned two separate Law firms: one to review our firm's investigation into the claims and one to conduct its own external investigation. On the basis of what we have been provided, we have been unable to substantiate any claims of wrongdoing raised with us."

These three extracts are only some of the full article in The Saturday Paper, illustrating clearly, once again, the failings of our successive governments. We have to remove the political parties from our Parliament, replaced by independent Parliamentarians installed by their individual electorates.

 
 
 

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