Mr. Kevin Morris:

I will deal with one question at a time. Regarding the cost, when one takes over a new audit engagement, be it a credit union or any medium-sized company, there is a period of familiarisation that must occur. One needs to document the systems and the various controls inherent in the organisation. In our experience, that can be very costly. That is why I maintain it can be costly to change auditors. The new auditors will not be familiar with the systems and will need to spend a number of weeks at the start getting to know the new systems, the new people and the habits of the organisation.