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ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years
Source: Bloomberg
Management & GovernanceLegal & LitigationCompany Fundamentals
ANZ Group Holdings will replace KPMG Australia as its longtime external auditor, increasing pressure on the accounting firm. The change follows allegations that KPMG improperly used confidential client information to secure business, creating reputational and governance risks for KPMG rather than signaling a disclosed financial impact for ANZ.
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