“I do not underestimate the task ahead but commit to our clients and people that I am prepared to be courageous, take the tough decisions and lead the changes we need to set us on the right path,” Sams said.
“The firm fell short of the standards rightly expected of us, and the accountability for these failures will continue to be implemented. We have serious work to do on our culture, our leadership, and our governance and it will take resolve and endurance.”
Delivering KPMG’s Action Plan
KPMG Australia has unveiled an Action Plan aimed at addressing the company’s “integrity issues” through an overhaul in governance and updating its conduct and consequences framework.
Sams has vowed to deliver the Action Plan in full, saying he aims to provide clear leadership and make “measurable progress” on KPMG’s culture, integrity, and transparency.
“I will lead the changes that will make us better, whatever that takes. My immediate focus is to provide confidence to our clients and people,” he said. “We will continue to engage openly and constructively with the Parliamentary Joint Committee and our regulators.”