Oireachtas Joint and Select Committees

Wednesday, 20 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

In 2011, the corporate watchdog, Paul Appleby, was ... and, again, you may not be familiar with this quote, so if you're not, of course, you may not have to comment on it. He said that there were grounds for questioning the consistency and quality of audit work within the profession, and he said that, "auditors report surprisingly few types of company law [offices] offences to us", with the so-called big four auditing firms reporting the least often to his office, at just 5% of all reports. So I'm just wondering if that's a quote that you're familiar with and if you have any view. If you're not, of course you don't have to.

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