John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I welcome Mr. Carswell. In his response to the Chairman's first question, Mr. Carswell mentioned briefly the role of auditors. Are the rules regarding how auditors audit the accounts of financial institutions post-crisis, effective? Will the changes that have been made be effective into the future? Several witnesses have pointed to a potential conflict, at least, in terms of how auditors are appointed by financial institutions versus their role in auditing the accounts of those institutions. Does Mr. Carswell have any views or comments as to the method by which auditors are appointed?