Brief
ANZ terminates KPMG audit contract after nearly 60 years
The bank will tender a new audit contract by April 2027 and appoint a new auditor for the 2029 financial year.
By Felo News Desk · Published
ANZ announced on 2 October 2026 that it is ending its audit relationship with KPMG, a partnership that started in 1969. The decision follows a whistleblower scandal that alleged senior KPMG partners misused confidential information to win work, a claim brought to public attention by Senator Deborah O’Neill earlier this year.
A bank spokesman said the move reflects the length of the existing relationship and did not reference the scandal. ANZ will open the audit contract to tender by the end of April 2027, with a new auditor expected to be in place for the 2029 financial year. KPMG has been barred from participating in the tender.
Key facts
- ANZ ended its audit contract with KPMG after a partnership that began in 1969. (smh.com.au)
- The decision follows a whistleblower scandal alleging misuse of confidential information by senior KPMG partners. (smh.com.au)
- ANZ will tender the audit contract by April 2027 and appoint a new auditor for the 2029 financial year. (smh.com.au)
- KPMG is ineligible to bid for the new audit contract. (smh.com.au)
Sources
- [1] smh.com.au — originally reported as “KPMG scandal: ANZ drops consulting firm as auditor after almost 60 years”
