Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. There was mention earlier on to the evidence in the core booklet ... it's on page 21 and it's a letter from the Financial Regulator to the EBS dated 3 March 2008 and it relates to the inspection of EBS's commercial property loan book that was carried out by the regulator's office in January 2008 in relation to exceptions to policy.

The letter states the level of exceptions to the credit policy for the 11 months to the 30 November 2007 was 29.2%, for 2006 it was 42.1%. I believe that you gave evidence saying that the credit ... the exceptions wasn't something you audited. Would that be correct?