Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McDonnell:
I think Nyberg found that the auditors, and I quote from page 5 of the executive summary, "The auditors clearly fulfilled this narrow function [in accordance with] existing rules and regulations." As I've said, our role ... the role of an audit is very prescribed in accounting standards and in law and we conducted our audits and the auditors conducted their audits in line with those rules and regulations. That is what an audit does. We fulfilled our function appropriately under those rules. And Nyberg agreed with that. They’re the rules that are applied and we have to operate within those rules.
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