FACTBOX-Cozy auditor-client ties scrutinized in US

Wed Aug 3, 2011 7:00am EDT 

 NEW YORK, Aug 3 (Reuters) - The question of whether
companies should have to rotate audit firms is coming back
to the fore as the main U.S. audit watchdog considers ways
to foster more auditor independence.
 The Public Company Accounting Oversight Board is
expected to issue a concept release addressing auditor
independence in the coming months.
 Listed below are companies that have stuck with the same
auditor the longest, based on data compiled by Audit
Analytics in December.
                                    AUDITOR
                                      SINCE
COMPANY                  AUDITOR          YEAR
Procter & Gamble         Deloitte         1890
Goodyear Tire & Rubber   PwC              1898
Radioshack Corp          PwC              1899
Beamis                   PwC              1907*
General Electric Co      KPMG             1909
Dow Chemical Co          Deloitte         1910
American Electric Power  Deloitte         1911
J C Penney Co            KPMG             1916
Ball Corp                PwC              1920
Coca Cola Co             Ernst & Young    1921
Caterpillar Inc          PwC              1925
Kroger Co                PwC              1925
Sherwin Williams Co      Ernst & Young    1925
Goldman Sachs Group      PwC              1926
Schlumberger Ltd         PwC              1927
Dean Foods Co            Deloitte         1927
Kimberly Clark Corp      Deloitte         1928
General Mills Inc        KPMG             1928
FMC Corp                 KPMG             1928
Progress Energy Inc      Deloitte         1930
* Date not exact but auditor has been the same since at least
1907.
 (Reporting by Dena Aubin; Editing by Howard Goller)
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