Whats next for Blue Sky?, page-57

My issue is with the potential for conflict of interest. Its considered best practice to not blend the services between your auditors and non-audit services. For a listed company the perception of conflicts is an equal risk to the actual. And for the record, I have significant confidence in the auditors of EY.

However, if i was a director, there is no way that i would ever consider it appropriate to blend the relationship into a Lessor / Lessee together with non-audit services. There are lots of Tier 1 audit firms that you can use.

Actually given the complexity of the Blue Sky accounting practices to date, one would argue that EY isn't charging enough for their audit services.