{"id":618262,"date":"2026-10-02T08:14:11","date_gmt":"2026-10-02T08:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/618262\/"},"modified":"2026-10-02T08:14:11","modified_gmt":"2026-10-02T08:14:11","slug":"anz-group-to-replace-kpmg-as-auditor-after-nearly-six-decades","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/618262\/","title":{"rendered":"ANZ Group to replace KPMG as auditor after nearly six decades"},"content":{"rendered":"<p>Australia&#8217;s ANZ Group said on Friday it would launch a competitive tender for external audit services, with incumbent KPMG ineligible to participate after serving as the bank&#8217;s auditor since 1969.<\/p>\n<p>ANZ joins a growing number of Australian companies reviewing long-standing audit arrangements with KPMG, after Insurance Australia Group and Macquarie Group recently moved away from the firm.<\/p>\n<p>KPMG has faced heightened scrutiny since March, when whistleblower allegations emerged that staff had improperly used confidential information to win audit mandates, triggering the resignations of the firm&#8217;s chief executive, audit head and chairman.<\/p>\n<p>&#8220;Given the tenure of the incumbent provider, KPMG will not be eligible to participate in the tender process,&#8221; ANZ said in a statement.<\/p>\n<p>ANZ said it intended to conclude the tender process by the end of April 2027, with the new external audit services firm expected to commence in financial year 2029.<\/p>\n<p>The lender said the timing of the tender process was appropriate given the significant transformation agenda underway and the planned integration of Suncorp Bank. &#8211; Reuters<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Australia&#8217;s ANZ Group said on Friday it would launch a competitive tender for external audit services, with incumbent&hellip;\n","protected":false},"author":2,"featured_media":618263,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[304443,85,916,138,304444,304445,30760,111,139,69,59785],"class_list":["post-618262","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-anz-group","tag-australia","tag-banking","tag-business","tag-competitive-tender","tag-external-audit-services","tag-kpmg","tag-new-zealand","tag-newzealand","tag-nz","tag-whistleblower"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/618262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=618262"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/618262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/618263"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=618262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=618262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=618262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}