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

11:50 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

I half understand what Mr. Moran is saying. I do not fully understand it. Did not the record of KPMG, having been auditors to Irish Nationwide from 2006 to 2011 and auditors to AIB during the same period when the books were questionable to say the least, not make the Department say "hey, we might go and use another firm, these guys are flawed"? KPMG has been fined huge sums of money by IASA. Is that not a consideration when the Department is making the choice?

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