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GgoogleAU first seen 5 h ago, last 2 min ago, peak #3

ANZ drops KPMG from audit role

Original: anz kpmg

ANZ has removed KPMG from its audit work, according to the Sydney Morning Herald, which reports that the accounting body overseeing audits has failed to land a hit in related scrutiny. The move is drawing attention in Australian banking and accounting circles, with discussion focused on what prompted the switch and what it means for audit quality and the big four firms' standing.

Why now: News of a major bank dropping a big four audit firm is significant for Australia's financial and accounting sectors.

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