ANZ has terminated its 59-year partnership with KPMG as its auditing firm. 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 raised doubts about KPMG's trustworthiness. 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 levels of audit quality.