PS i'm an ex-auditor (Price waterhouse) and have run audit departments in listed and government executive roles. I tried to engage both the chairwoman and the audit / corporate governance sub-committee on how audits are supposed to be run. Their answer was basically to refuse to take my calls - although to give her her due, Hazleton did delegate it to internal execs to address my concerns. They swept it under the carpet. And ASIC said they had so many cases open against AMP that they just couldn't open another one and they preferred to let the court case complete first before digging in.

For a while there, I think AMP's audit department was their highest earning profit centre! Now that would be an interesting stat to get hold of Laura Dew - what were the KPIs of former auditors employed within AMP......???

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