ANZ: ‘No decision’ on whether to dump KPMG after 27 years

{
  "signal_id": "1b116fe4-829e-049a-ea88-a57a9f24b241",
  "signal_type": "news",
  "signal_subtype": "loses_client",
  "detected_at": "2026-10-28T16:01:52+00:00",
  "company": {
    "name": "KPMG",
    "domain": "kpmg.com"
  },
  "data": {
    "url": "https://www.businessdesk.co.nz/news/kpmg-audit-scandal-raises-questions-for-kiwi-banks/3FNRPAKTCFAUROFKWMVB3KMSGY/",
    "title": "ANZ: ‘No decision’ on whether to dump KPMG after 27 years - BusinessDesk",
    "excerpt": "Do New Zealand banks need to change auditors more frequently? Photo / Supplied ANZ NZ’s parent has dropped auditor KPMG after 57 years, but a month on, its New Zealand branch is mum on whether it will do the same. KPMG has been ANZ Bank NZ’s auditor for 27 years. In the financial year ending September 30, 2025, it paid KPMG $2.42 million in auditor fees. On October 2, Australian parent ANZ announced it will end its relationship with KPMG and will not allow KPMG to re-tender for the contract. “A tenure of this length is no longer considered appropriate and has been under consideration by the board for some time,” the bank said in a statement. ANZ will begin with a new auditor in the 2029 financial year, with the tender to be completed by April 2027. KPMG has lost several major clients since March after a major data misuse scandal at the firm. It lost a 10-year contract with Macquarie, worth A$95m (about $117m) per year, and Lendlease and Insurance Australia Group announced plans to take their business elsewhere. BusinessDesk understands KPMG has been ANZ Bank NZ’s auditor since 1999, based on historical company filings. Asked whether a 27-year engagement with an auditor was appropriate, ANZ declined to comment and reiterated an NZX announcement from early October that “no decision has been made by ANZ Bank NZ Limited”. NZX listing rules require the key audit partner to rotate...",
    "summary": "Lendlease announced plans to take its auditing business away from KPMG.",
    "planning": true,
    "image_url": "https://www.businessdesk.co.nz/resizer/v2/H2FJTQERCJC3HLQWO7WUIFN4CM.JPG?auth=72d475ac044023fb9044cabe77c5445d7e23c183943ff9527fc2bd36eb686336&width=1200&height=675&quality=70&smart=true",
    "confidence": 0.9,
    "published_at": "2026-10-28T16:01:52Z",
    "article_sentence": "It lost a 10-year contract with Macquarie, worth A$95m (about $117m) per year, and Lendlease and Insurance Australia Group announced plans to take their business elsewhere.",
    "related_company_name": "Lendlease",
    "related_company_domain": "lendlease.com"
  }
}

curl https://signals.autobound.ai/v1/signals/1b116fe4-829e-049a-ea88-a57a9f24b241 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"kpmg.com","limit":20}'