A KPMG assessment used by Home Affairs to select Paladin for a $532 million security contract on Manus Island was unreliable and didn't even check the company's bank statements, according to the department's own audit.
Ernst & Young said the assessment provided by KPMG was problematic because the accounting firm had a business relationship with Paladin, and it was based only on unaudited financial statements.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
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