Oireachtas Joint and Select Committees

Tuesday, 16 October 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Scrutiny of EU Legislative Proposals: COM (2011) 778 and COM (2011) 779

2:15 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein) | Oireachtas source

It is fair to point out that much of the commentary was not simply in respect of the failures of auditors but on a systemic problem generally that involved the Central Bank and the Financial Regulator. That is what the Nyberg report stated, namely, it was not simply in respect of auditing. Consequently, members' comments should be put into that context. I believe there was a failure in respect of auditing because of the unhealthy relationship that exists between the bigger auditing companies and the bigger banks in this country.

Comments

No comments

Log in or join to post a public comment.