Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McDonnell:
As I said Chairman, an audit is a set of financial statements, is a representation of what happened in the past, past transactions and events. It is not a representation of stability, capital adequacy or future prospects of an entity and we gave our opinion on the ... on the transactions that occurred in the past in the financial statements and we stand over those opinions.
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