Mr. Gerry Fitzpatrick:

I think the financial statements that I was auditing were properly reflecting the transactions and the level of risks, the kind of disclosures I referenced earlier in relation loan quality, and funding actually quite highlighted that. The one issue that was difficult was to predict the extent that judgments would change. And an audit process, as I said earlier, challenges the data, looks for contradictory evidence, but the significant deterioration of asset values ... and that took a number of years to happen, wasn't contemplated at that stage and I don't think it was reasonable to assume could have been imagined. A whole roll call of commentators were talking about what might happen and, certainly, we were living in a stressed situation. I think the level of risk the organisation was undertaking was properly reflected on its disclosures. So in terms of other matters, I don't think there was anything different that I would have done in relation to the information at that point in time.