Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Dargan Fitzgerald:
I might just make some comments on that. I'm aware that that topic has come up, both in this room and elsewhere, and the short answer is, no, I don't feel that there is any conflict between international financial reporting standards and the true and fair view. And in particular in relation to the EBS audit in 2008, I'm quite satisfied that the appropriate accounting framework was employed and therefore that, as auditors, we were entitled to report in true and fair terms, as it's called.
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