ANZ severs ties with KPMG after 60 years due to whistleblower scandal

ANZ Bank has ended its long-standing relationship with KPMG due to a whistleblower scandal that has caused significant turmoil within the consulting firm. This decision follows a series of similar actions by other companies.

Key facts

• ANZ Bank has terminated its 60-year partnership with KPMG.
• The decision follows a whistleblower scandal involving serious allegations against KPMG.
• The whistleblower's claims were only publicized after Senator Deborah O’Neill disclosed them.
• Several companies, including Macquarie Bank, have already severed ties with KPMG.
• ANZ's board cited the firm's long-standing relationship and ongoing transformation as reasons for the decision.

Sources

• The Sydney Morning Herald