Macquarie Win Positions KPMG to Lead ASX20 Audits
KPMG Australia is set to dominate audits among the country’s largest listed companies after securing the prestigious Macquarie Group audit from PwC Australia. This announcement was made on Friday, marking a significant triumph for KPMG and a setback for PwC, its rival in the big four firms.
The Macquarie audit is the most sought-after and valuable auditing contract in Australia, valued at nearly $75 million annually. The portion attributed to Australian operations is approximately $30 million.
The Macquarie audit is the most coveted and valuable auditing gig in the country, worth almost $75 million in annual fees.
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Summary
KPMG's recent win of the Macquarie audit solidifies its position as the leading auditor among the largest companies listed on the ASX.
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