The Reserve Bank is distancing itself from KPMG, with Governor Michele Bullock confirming the bank will re-tender its whistleblower hotline service contract.
Fronting the Senate Economics Committee on Thursday, Ms Bullock admitted the central bank used KPMG's audit and whistleblower hotline services.
When asked about the "actual reality of the relationship" between the RBA and KPMG, the governor explained: "We don't have a direct relationship with them [KPMG] … they are engaged by ANAO [Australian National Audit Office] to do the audit of the financial statements."
She added: "In terms of the audit, that is a matter for the ANAO, and you'd better speak to the auditor-general about that."
KPMG, one of the Big Four consulting firms, has recently been caught up in a swirl of scandals, including allegations that its audit partners accessed confidential client documents to win contracts and reports of the mistreatment of a whistleblower.
In response, Ms Bullock told the committee that the RBA would not reappoint KPMG to the whistleblower service.
"We are re-tendering for that," she said.
The RBA also has had a contract with KPMG for foreign employee recruitment services.
The Australian Greens party has called on the federal government to ban KPMG from all government contracting work.
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