Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
----- yes, of necessary professional scepticism from the Nyberg report, which I am sure you are familiar with. It has been quoted several times at hearings to other auditors and other witnesses. Mr. Nyberg, at paragraph 3.6.2, stated, "Commission would have expected a bank auditor exercising necessary professional scepticism to have concerns where they were growing property and funding exposures combined with material governance failings." Do you accept, gentlemen, the findings of the Nyberg report in relation to PwC's auditing of Bank of Ireland?
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