Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Okay, so just staying with the stated accounts, Mr. Cullen, you're on record earlier this evening as saying that the accounts were not an insurance policy or a picture for the future, Mr. Fitzpatrick with a question with Deputy Phelan and others, have spoken at length detailing the skill sets and experience of the auditing team. So in that regard, did the auditors not think, and being aware of the risks associated that we just discussed now with the lending strategy adopted by the bank, that they did not have an obligation to make it clear, make this clear in the accounts, for example, by putting a note in the accounts in this regard? Did you put a note in the accounts in that regard?
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