The board of KPMG Australia has extended the leadership term of Andrew Yates to June 2027.
Already a subscriber?The board of KPMG Australia has extended the leadership term of Andrew Yates for another three years, to June 2027.The decision, announced on Wednesday, comes after Mr Yates was repeatedly criticised during his multiple appearances at theKPMG Australia chairman Martin Sheppard said the unanimous board decision was made after “a rigorous process that included an independent external assessment, and a thorough review of performance on a range of metrics”.
In addition to the extended term, Mr Yates, a veteran auditor, is celebrating a major win for the division after Westpac announced that KPMG was itsThe prestigious mandate, if approved by shareholders, will be worth tens of millions of dollars in revenue to KPMG. PwC billed $26 million to audit Westpac in FY23, and another $8 million in other fees.
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