Tansy Harcourt

So its work is worth kind of up to $100 million.

And they had only just left PwC because of PwC's scandal and gone to KPMG.

And now this has happened.

So

there's a very big question mark about whether they will want to remain with KPMG.

I guess the problem for a company of that size, because they have a lot of international units as well, there's a lot of work that goes into kind of setting up the framework for that audit.

So they might be kind of trying to hold on and see what happens, but they can't be too happy that they've effectively gone out of the fry pan into the fire from going from PwC to KPMG.

Exactly.

And I think that that really says something too.

The only thing I would... Not that I have a desire to defend any law firm, but I don't know what the terms of their investigation actually was.

So, for instance, if they were...

only told to look at a very kind of narrow pathway, perhaps they couldn't see what was there to be seen.

Or if they had a broad scope and found nothing, then there's got to be some questions asked of those law firms too.

Well, I mean, you've just hit the nail on the head.

It's very concerning.

I mean, particularly when it comes to the auditors, like if you look at the big four firms, the consultants are a bit more like investment bankers and they can be kind of some smooth talkers and, you know, maybe they are sometimes more fast and loose than they should be, but you don't expect that

from your auditing division.

Those guys are supposed to be independent.

They shouldn't be accepting freebies to see Taylor Swift and things like that that we've talked about at The Australian.

They should be completely standing alone.