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