Shuffle of audit firms continue

Though unrelated to Hayleys Group dropping KPMG and picking Ernst & Young, further shuffling of roles of the two has been announced.

Galadari Hotels announced last week it changed its auditors to KPMG Ford Rhodes Thornton and Company with effect from May 2011 replacing E&Y.

Madulsima Plantations had appointed E&Y in place of the retiring KPMG at its AGM last week.

China accounting scandals put Big Four auditors on red alert