Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McDonnell:
-----and the auditor's job is to give an opinion as to whether those accounts give a true and fair view in accordance with the requirements of accounting standards. That's what we did. We did that work very thoroughly, very robustly and we stand over our opinion. As I said in my opening remarks, there is no ... avenue in either the wording ... the prescribed wording of an audit opinion, or indeed in the accounting and regulatory framework which sets out what goes into a set of financial statements to allow an auditor to give a subjective view on an entity's business model. That is not what we were asked to do, it is not ... there is no ... we are not allowed to-----
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