Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Thank you, Chair. If I could just follow up on that thought, Mr. Fitzpatrick. I mean, you can imagine that it's quite difficult for members of the public at large who, perhaps, have never had an auditor, don't know an auditor, and don't know what an audit actually might mean, but in their heads, believe that it's something that protects, and is something that ... if something's been audited, it's okay in their heads, and yet we see in this case the Ulster Bank losing ... having to have that much money put into it. It's quite a leap for people to understand. Indeed, I'd include myself in that. How can it be that a bank was in such a bad state and yet the auditors were, if you like, going through and saying, "We've done our job as competently and as well as we can"? I'm just asking for maybe-----
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