Mr. Dargan Fitzgerald:

Yes, thank you. I think I appreciate the thrust of your question. I would just say that, while it is a high-level and a background briefing note, it does inform the conduct of the audit and, I mean, I actually can't say this without checking, but if I had been in the room and was carrying out the audit based upon this as a high-level briefing, absolutely we would circle back to check matters reported as frauds. There would be a process inside the society to record frauds that have been identified and we would look to see whether they had any impact on the financial reporting. Typically, they don't, or they have already been reported and they're more internal control issues, but, nonetheless, we do take into account ... and a typical way of dealing with it on an audit would be to take a file note such as this and tick off each of the points and cross-reference them to another piece of our work where we had satisfied ourselves exactly to your question that there was nothing that was being referred to which should give us concern in carrying out our work. So I would say, yes, it was a background briefing, but we would not ignore any of the comments if we thought they would affect the financial reporting. I hope that helps.