Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
But you would've provided expected losses, as well as incurred losses, under the old regime prior to ... IAS 39 purely restricted it to incurred losses, but you would've been ... effectively, as an auditor, you would've looked to have losses provided on an expected losses basis prior to IAS 39. Correct?
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