GE Ends 111-Year Link With Auditor KPMG After Financial Miscues

General Electric Co. plans to replace KPMG as its auditor following a series of high-profile financial stumbles, ending a relationship that stretches back more than a century.

The manufacturer picked Deloitte to be its independent auditor for next year, GE said in a statement Monday. KPMG will finish in its capacity through this year and the filing of the 2020 annual report.

The change in one of the country’s biggest audit accounts marks another step by GE to improve accountability and regain investor trust after revelations of poor financial management in recent years. Chief Executive Officer Larry Culp has severed ...