ANZ has terminated its 59-year relationship with KPMG as its auditing firm. The major bank has discontinued KPMG amidst ongoing concerns over the firm's auditing standards. This marks a significant change in ANZ's auditing partnerships. The decision comes after a series of audit leaks that have questioned about KPMG's trustworthiness. ANZ has not provided specific details for the change but has cited the need for a shift in its auditing standards to ensure the highest levels of audit quality.
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