Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am not suggesting anything improper but just want to have all the facts out in the open given that Professor Walsh is giving evidence to this inquiry.

Did the auditors of the banks in Ireland, during the years 2004 to 2006, inclusive, form the view, and during the course of their work, that the banks were following an unsustainable model? Did they think there were huge concentrations of risk being built up in terms of lending to one sector, for example? Did they feel the banks complied with the accounting standards and other legal requirements? What options were open to auditors to raise their concerns? What duties and rights had they to insist on disclosure, for example, of those risks?