Mr. Dargan Fitzgerald:

Yes, thank you, Chairman, and happy to do so. And, as I think other testimony to the ... from other auditing firms may have confirmed, it is not the typical practice among the auditing firms to employ within their own teams estate agents or valuers.

And so the ... in accordance with auditing ... international auditing standards, the appropriate approach is for the entity being audited to obtain and to arrange to be carried out the appropriate valuations of properties where they are needed or where they are appropriate and the auditor carries out tests, referred to as reliance on the work of an external expert, where they assess the qualifications and the experience of the valuer and they may then, for their audit purposes, rely appropriately on the valuations obtained.