ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years

ANZ dumps scandal-plagued KPMG as auditor after 57 years

ANZ has shut KPMG out of bidding to keep its audit work, announcing plans to replace the firm that has checked its books since 1969.

ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years

ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improperly used confidential client information to win business.

ANZ dumps KPMG as auditor after 57 years

The bank is ending its 57-year audit relationship with the firm, becoming the latest client to ditch the consultancy amid its ongoing data misuse scandal.

ANZ drops KPMG as auditor after almost 60 years

ANZ has dropped KPMG after almost 60 years of the firm holding the $29.3 million contract to audit the bank’s accounts, in a fresh blow to the consulting firm that continues to contend with the fallout from a damaging whistleblower scandal.

ASX Climbs; ANZ Dumps KPMG as Auditor

Australian shares saw a rise approaching midday, with the broader market gaining momentum. In significant corporate news, ANZ has announced it has dropped KPMG as its external auditor, marking a notable change in the financial sector's audit landscape. This development comes amidst other market movements, including wealth management platform Praemium experiencing a 9 per cent