ANZ has terminated its 59-year partnership with KPMG as its auditing firm. The major bank has discontinued KPMG amidst ongoing concerns over the firm's audit quality. This marks a significant shift in ANZ's audit arrangements. The decision comes after a series of audit leaks that have raised doubts about KPMG's reliability. ANZ has not provided specific reasons for the termination but has cited the need for a change in its audit arrangements to ensure the highest standards of audit quality.