5 Adele Ferguson, in an article entitled ‘Conflict of interest at the heart of audit disasters’ (The Age, 5 December 2012), relating to an earlier ASIC audit report argued that there is a real or perceived conflict of interest because auditors get paid by the company they have been hired to independently audit. She argued that another option might be for the regulator to appoint an auditor, rather than leave it to the company. Do you think that she is correct?