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Singapore Airlines seeks first change of auditors in four decades

In a letter to their shareholders, Singapore Airlines has proposed the appointment of KPMG as its new external auditor to replace EY, their auditors for the last 43 years.

EY was first appointed as Singapore Airlines external auditor in 1972 but will not seek re-appointment at the airline's coming annual general meeting (AGM), the letter read. KPMG's appointment will be confirmed at the company's AGM scheduled for 30 July.

It is understood that KPMG's audit partner Tham Sai Choy will be in charge of the audit. Choy is KPMG Singapore managing partner since 2010 and chairman of KPMG Asia-Pac.

"KPMG LLP was selected for the proposed appointment after the audit committee invited and evaluated competitive proposals from various audit firms," the letter read. "The Company confirms that there were no disagreements with the outgoing auditor, Ernst & Young LLP, on accounting treatments within the last 12 months."

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