In a notable shift within its governance framework, AIA's board has put forth a recommendation to appoint KPMG as its new external auditor, signaling a potential change in the company's auditing landscape. This decision comes as PricewaterhouseCoopers (PwC), which has been AIA's auditor for a significant period, will continue to oversee financial reviews until 2025. The board believes that this strategic transition will enhance the efficiency and effectiveness of the audit process moving forward.

The move to nominate KPMG highlights AIA's commitment to optimizing its financial oversight and accountability mechanisms. Such changes often bring fresh perspectives and methodologies to auditing practices, which could potentially foster improved risk management and compliance. AIA’s decision reflects a proactive approach in ensuring that its financial reporting remains robust and transparent, especially in a dynamically evolving regulatory environment.