Oireachtas Joint and Select Committees
Wednesday, 20 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
He was just talking generally about the practice of auditing, but I respect that. In 2011, the Revenue Commissioners - and, again, Minister Fitzgerald, you may not be familiar with this - said that audits said little about the business model of firms or their liquidity position, and:
Audit reports are primarily addressed to shareholders. However, as recent events have shown, others, including the general public, have an interest in the results of some large companies. There is a need to better set out the societal role of the audit.
Would you have a view on that?
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