Mineralogy chief attacks Citic Pacific auditor swap

Australian tycoon Clive Palmer, who is in a court dispute with Citic Pacific over iron ore royalty liabilities, has said the conglomerate's recent decision to swap external auditors for the first time in more than 25 years raises questions about its transparency.

Hong Kong-listed Citic Pacific, the steel-to-property flagship of Beijing-backed conglomerate Citic Group, said last Tuesday that its board has proposed to its shareholders that KPMG be appointed as its auditor, replacing PricewaterhouseCoopers.

via Business feed http://www.scmp.com/business/companies/article/1209561/mineralogy-chief-attacks-citic-pacific-auditor-swap