Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Has the function of internal audit strengthened since you've come in? Because I see, in the 2006 report it says that when they examined the independent valuation they found that 13 of 25 cases tested were without valuations. One in particular, Glencairn Homes, was for €93 million. So have you tightened valuation procedures in line with what the internal auditor found?
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