The NSW Parliament’s Public Accountability Committee today published the Final Report of the Inquiry into the Transport Asset Holding Entity (TAHE).
We respect the role of the Public Accountability Committee and the important policy matters being examined through the TAHE Inquiry.
KPMG’s TAHE engagements involved complex and technical policy matters supporting the work of the NSW Treasury and Transport for NSW.
As we have made clear to the Committee previously, we consider our work for both departments to have been of high quality, however an internal review found we did not get everything right in respect to our TAHE engagements.
We wrongly had a mindset through the engagements that two departments within the same government represented a single client. We also failed to communicate with our clients clearly and in a timely manner about the complexities involved in these engagements.
To address these issues, we have introduced ongoing improvements to the way we work.
KPMG has always acted with ethics, transparency and integrity and we continue to support our people who, at all times, were focused on delivering high-quality work.