National Australia Bank chairman Ken Henry and other executives last year told NAB’s auditor Ernst and Young, about serious shortcomings in risk management, yet the auditor did not include these details and other points of concern in its draft report. Labor MP Deborah O’Neill responded to the revelations by calling for a parliamentary inquiry into the relationship between the big banks and the nation’s largest accounting firms.

https://www.thesaturdaypaper.com.au/thebriefing/2019/08/02