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ANZ Pulls the Plug on KPMG as a 57-Year Audit Era Ends
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Subscribe09 OCT 2026 / ACCOUNTING & TAXES
ANZ Group Holdings announced the end of its 57-year business relationship with KPMG Australia, citing the need for a fresh external audit perspective. The decision comes amid allegations against KPMG of misusing confidential client information and increased scrutiny of its corporate governance. The change is set to put over A$120 million ($85 million) in annual audit fees at risk for KPMG, casting doubts over how the firm's ongoing governance issues will impact client trust and Australia's accounting industry.
A 57-year business relationship rarely ends without raising eyebrows. For KPMG Australia, losing ANZ as an audit client comes at an especially difficult time, with allegations of misusing confidential client information already costing the firm major busi...
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