Mr. Gerry Fitzpatrick:

I am not aware that is the approach in the US, the United States or anywhere else. I think the ... this is to probably to fundamental point of company law. The directors are responsible for stewardship, they have to account for that stewardship and have an auditor appointed. So it's a scrutiny process that an independent auditor is appointed; I think that auditor is independent, but I would do because I am one of them. And I don't think selection of auditors by another body who wouldn't know the right skills that was required for that organisation, I can see some flaws in that. So it's not a process I have seen.

I think the regulation of audit and the certain recent changes in relation to audit regulation are constant, which are requiring greater rotation, and that might achieve the same objective.