Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Following on from the Nyberg report, the auditing ... professional Auditing Practices Board, in March 2012, produced a paper on the concept of professional scepticism and it noted that the auditing standards defined professional scepticism as, "An attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence." Following on from that, have you instituted changes in your own practices, be it in relation to auditing Ulster Bank Ireland or other auditing that you've done since the publication of that report in 2012?
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