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