Business

Insurance Australia Group told investors on Friday it would seek a new auditor this financial year, shutting KPMG out of the tender for a job that earned the firm $11.6 million in annual fees.

IAG dumps KPMG after 26 years as audit clients walk away

Insurance giant IAG has dumped KPMG as its next auditor after 26 years, stripping the scandal-hit accounting giant of another lucrative contract as its corporate clients desert it.

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