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