Let's quickly deal with the auditors' defence. It runs like this: ''It's not our fault. We can only sign-off on what directors give us''. Now to the inherent conflict of interest: apart from human considerations - namely clientship and mateship - audit firms earn gargantuan fees from non-audit work. Let's get to the numbers. Allco, auditor KPMG, although PWC has involvement with the satellites such as Allco HIT and the three Rubicon Trusts. KPMG picked up $2.36 million in audit fees last year from the parent alone.