Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

But is that statement not ... just a general kind of statement that you would see in nearly every statement of audited accounts? Would that be a general statement instead of saying, "Look, we have to value this in terms of IAS 39, we have to audit this in terms of IAS 39 and why ... while the bank is very profitable, while the impairments are low, the profits are high at the bank, we see trouble in the horizon?". That is what I assume he was getting to and is something like that possible?

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