Aug 26, 2026 – 5.13pmMacquarie Group’s board will dump KPMG as its preferred auditor and stick with incumbent PwC following an investigation into the way the tender process was run for the $75 million a year contract.The investment and banking giant said the decision followed “scrutiny of KPMG Australia’s audit practice” and formal enquires about the firm’s ability to deliver the audit “as well as the nature and impact of ongoing issues at KPMG Australia.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles