Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
That's fair enough. Finally, Mr. Smith, I just want to ... at the ... in your opening statement you referred to three proposals, if you like, for the auditing profession I suppose really, going forward ... recommendations I think you did call them. Can you outline briefly in the, in the minute or so that is left, the nature of the changes that would be required to bring them about? You know, would it require legislation, regulation, European regulation, is it something that can be instituted from the audit community themselves, from auditors internally or is it something that the Oireachtas would have to act upon?
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