Mr. Terence O'Rourke:

Well, I'm saying that our job is to make sure ... in the case of your analogy that the truck being a bit overloaded, that those issues are well known to people who are looking at that truck. So our job is in relation to financial statements - do the financial statements accurately portray the way that that ... the way the financial position of that entity? So in terms of the audit of the banks, the audit of AIB, do people reading those accounts do hey understand how much money they have lent to the property sector? Do they understand how much the loan book has grown? Do they understand how that's financed? Are all those issues clear on the accounts? The answer is "Yes".

So that's the main issue that those issues were clearly reported in the accounts and that everybody to make their own judgments on that. Our judgment was - have management made the right decision in terms of financial reporting as a consequence of those risks, as a consequence of the way the balance sheet is? And the management did make the right decision at the time, based on the best information they could get.