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KPMG Australia has confirmed that it reached a settlement with a former employee who had raised allegations of wrongdoing within the firm's tax division, adding another layer to the growing scrutiny surrounding the professional services firm's governance, whistleblower processes and treatment of misconduct allegations. The settlement relates to historical allegations concerning KPMG Australia's tax practice and comes as the firm faces a separate parliamentary inquiry into all

KPMG has become embroiled in a major controversy as its Australian business faces allegations involving the misuse of confidential information and breaches of auditor independence rules, with a parliamentary hearing on the matter scheduled to take place later this month. The accusations are said to relate to a period that largely coincided with the tax leaks scandal involving rival firm PwC, which ultimately resulted in the consultancy being prohibited from undertaking work f