Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. I asked that really in the context of one of the first questions I asked earlier on. And if I can rephrase it; if you had been absolutely certain in your own mind back in 2007 that this was heading over a cliff, that the bank, the banking system, was facing a crash but you'd no evidence for that because it hadn't happened yet, but if you were certain as the auditor that this is not sustainable, it's heading over a cliff, what could you have done? And I'm using this by way of example because we'll have to make recommendations as a committee and you know the role of auditors is certainly an element of that, but what could you have done? What could you have advised the directors in terms of disclosures in the accounts for example?
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