Washington (Oct. 3, 2003) -- A majority of large U.S. public companies responding to a survey by the General Accounting Office said that they were satisfied with their current auditor, while roughly half of those surveyed indicated that they had been with their current auditing firm for at least 10 years.

In a follow-up to its comprehensive July 30 study on accounting firm consolidation and its relationship to audit competition, the GAO polled 159 public corporations to elicit their views on audit fees, quality, independence and choice.

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