Oireachtas Joint and Select Committees

Thursday, 7 March 2013

Public Accounts Committee

2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions

11:00 am

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael) | Oireachtas source

It is useful to put that out there because it is obviously an issue. This committee has discussed - including at Mr. Moran's first appearance here - a lot about the issue of those who audit our banks. From 2006 to 2009, Irish Nationwide was audited by KPMG. From 2006 to 2011, AIB was also audited by KPMG. KPMG is now the special liquidator for IBRC, which encompasses Irish Nationwide. What were the criteria for establishing who should be the special liquidator for IBRC?

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