Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Dargan Fitzgerald:
I must say there was. The planning for the 2008, 31 December year-end audit would have begun ... it's really part of a year-end ... all-year process but, in practical terms, it would have taken place in August, September, October of 2008. And you'll appreciate that, particularly in September and October of 2008 the ... actually the global financial system was showing enormous stress and strain and so we had to consider whether financial reporting risks were likely to arise and be heightened in our audit of EBS and we responded accordingly.
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