Mr. Kevin Morris:

I thank Deputy Mathews for his comments. It is not the first time I have heard them and it is an ongoing debate within our profession as to whether it is a good thing to rotate or not. I can only go on our own experiences. I might add that where audit firms were asked to rotate in other countries, such as Italy and Spain in the past, it was an absolute disaster and has not worked. There is empirical evidence to suggest that it may not be the best idea in the world.