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 audit arrangements. The decision comes after a series of audit leaks that have questioned about KPMG's reliability. ANZ has not provided specific reasons for the termination but has cited the need for a shift in its audit arrangements to ensure the highest levels of auditing quality.