Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Okay. I want to put a quote to you from Mr. Fitzpatrick from yesterday. I asked him whether ... he's the head of audit in Deloitte ... whether they do bank auditing differently now than they did when they were auditing Ulster Bank prior to the collapse and in light of the findings of the Nyberg report. His response was:
I wouldn't ... I wouldn't say we've done it differently. I think that ... that the emphasis around our whole organisation about the importance of scepticism is reinforced and maybe more so reinforced which is that idea of constantly reinforcing that view of the sceptical mind.
Do you do your bank auditing differently as a result of what you've learned from the crash or, indeed, in light of the findings of the Nyberg report?
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