Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Professor Walsh says on page 3, "Unfortunately, accounting standards were especially unhelpful and served to obscure the underlying nature of both profits and loan portfolios." Given what Professor Walsh has just shown us, the obscuring was certainly not due to a shortage of space, so might that as well be a mystery novel, or were accounting standards framed in such a way as to deliberately obscure the real situation?