Lendlease seeks new auditor as KPMG Australia faces regulatory probe (updated)
UPDATE 1-Lendlease seeks new auditor as KPMG Australia faces regulatory probe Adds background from paragraph 2
June 15 (Reuters) - Property firm Lendlease LLC.AX said on Monday its board had decided to change its auditor as Australia's corporate regulator investigates three KPMG Australia partners linked to whistleblower allegations.
The whistleblower has alleged misconduct at the 'big four' giant and that confidential board papers from Lendlease were used to support bids for major audit tenders for Westpac WBC.AX and Dexus DXS.AX.
Lendlease seeks an "orderly handover" after picking a new auditor, targeting a transition through FY27 to enable the new firm to audit from the fiscal 2028.
KPMG is Lendlease's auditor, as per its financial statements.
(Reporting by Nichiket Sunil in Bengaluru; Editing by Jacqueline Wong and Subhranshu Sahu)
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