Mr. Dargan Fitzgerald:

Yes. I must say I agree with those comments, and I just might say that, as it happens, I'm a member of the council of the Institute of Chartered Accountants in Ireland, and one of the initiatives that the institute undertook in the wake of the financial crisis was to convene a working group which considered and reported with a publication called "Statutory Audit: What the Future Holds", and in that we discussed exactly some of those challenges to the usefulness of auditing in terms of external financial reporting. And the ... some of the themes that we considered and reported on were in relation to the quality of communication that is included in the external audit report. And I think it has become clear that an external audit report in the hands of a reader, particularly a reader not particularly versed in financial matters ... in its ... in previous eras at the time that I was carrying out these audits, those audit reports restricted themselves to talking about the accounting framework and the law and certain other statements that nothing had come to their attention in relation to statutory disclosures that had not been made. Now, for public interest entities, the audit report is much longer, much more rich in content in terms of commentary on key judgment issues that have been the concern of the auditor and, by extension, the concern of management and the audit committee. And I think that these ... this has been a significant improvement, I'm sure not perfect. I'm sure there'll always be what's sometimes called "an expectation gap" between the users, particularly non-financial users of financial statements, and the current state, but I do feel that the advances that have been made potentially improve the usefulness for society as a whole.