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
Okay. A perception, correctly or incorrectly, may exist in some quarters that significant numbers of very junior staff are involved in the auditing process of some of the institutions. I just want to ask in relation to your own ... but I also want to ask, in relation to the staff and the level that they would be at within the organisation, how do you square the conflicting interests of the necessity to rotate, which was mentioned earlier on, but also the maybe necessary sceptical requirement of continuity that, you know, a professional auditor is ... in an institution or examining their books for a number of years and can identify maybe concerns over, you know, that particular period of time and knows what they're looking for, rather than, you know, perception that a significant number of junior staff would be doing most of the grunt work, for want of a better term?
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