Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McDonnell:
Yes, we fulfilled our duty completely to those shareholders in the audit of Bank of Ireland because the role of the auditor in Bank of Ireland is to give an opinion on the financial statements. And our opinion stated that those financial statements were properly prepared in accordance with IFRS. That is where our role starts and where our role ends. We don’t give investment advice or anything to shareholders. It’s just around the historical information. It’s not about the business model etc.
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