Regulators are set to investigate audit firms following allegations tied to KPMG, according to reports. The corporate watchdog has launched an inquiry that will look into major consulting companies with audit operations, triggered by concerns surrounding KPMG’s conduct. The investigation is aimed at examining whether audit and related practices meet required standards and whether any compliance or oversight failures occurred. While the reports focus on the triggering KPMG-related allegations, they indicate that the inquiry extends beyond KPMG to other large firms with audit responsibilities. The move reflects heightened regulatory scrutiny of the audit sector after public allegations and suggests the watchdog will assess potential systemic issues rather than treating the matter as isolated to a single firm. Details on the scope, timeline, and specific firms included are not provided in the available summaries, but the reports agree that the watchdog action is underway and that audit firms associated with major consulting companies are expected to be examined as part of the inquiry.