Tiger Brokers

ANZ Group Holdings to Begin Tender for External Audit Services

MT Newswires Live
1 hour ago

ANZ Group Holdings (NZE:ANZ, ASX:ANZ) said it will commence a competitive tender process to select the next provider of its external audit services, according to a Friday filing on the Australian and New Zealand bourses.

KPMG, which has served as the bank's external auditor since 1969, will be excluded from the selection process due to its long tenure, per the filing.

The tender process is expected to conclude by April 2027, with the new audit firm set to commence its appointment in fiscal 2029, the filing said.

Shareholders will vote on the successful firm at the bank's 2028 annual general meeting, the filing added.

The lender's New Zealand shares were down nearly 1% in recent Friday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10