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ANZ drops KPMG as its auditor after 59 years

Original: anz kpmg

ANZ has ended its decades-long relationship with KPMG, removing the firm as its auditor after 59 years. Reports describe the decision as a new blow for KPMG, with commentary noting the accounting body failed to land a hit in its defence. The split marks one of the most prominent audit changes in Australian banking.

Why now: The unusually long relationship ending is a major corporate governance story in Australia's financial sector.

ANZKPMG

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