BHP Billiton today announced that its Risk Management and Audit Committee had completed a review of its external audit services. At the 2003 Annual General Meetings BHP Billiton announced that it was undertaking a review of its joint audit arrangements.
As part of the review, proposals were invited from PWC and KPMG, the Company’s current joint auditors, on ways to enhance the efficiency of the audit going forward.
BHP Billiton said that on the recommendation of the Committee, the Board had resolved that the audit could be more efficiently undertaken by a single audit firm. KPMG, one half of the existing joint audit team, has been selected to continue as auditor.
The Board expressed its appreciation to PWC for its service.
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