Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

We'll go back to the very, very start of this conversation. You're saying that Deloitte were aware of the risks, i.e. the concentration levels, and that these were detailed in the accounts. Now, we went over Ulster Bank's explanation as to whether they saw the risks or not saw the risks.

But I'll move back to what I'm asking you now. Is ... we've spoken at length, I ... you've explained to us at length of skillsets and the experience that the auditing team actually had inside there, but the question I'm putting to you, in this regard, did the auditors not think, in being aware of the risks associated with the lending strategy adopted by the bank - and we've spoken about the concentration levels - that they did not have an obligation to make this clear in the accounts, that this issue specifically would be made clear and that a note would be put in the accounts in this regard? Was that done?