Mr. Frank Daly:

I can understand that from the Comptroller and Auditor General's point of view. However, this report has been six or seven months in gestation and there was a huge amount of toing and froing, quite correctly, between ourselves and the Comptroller and Auditor General on it. To return to another point, and my colleagues might wish to speak on this, that is what would have been one of the great advantages of the Comptroller and Auditor General meeting the individual board members of NAMA, to get a better understanding or better flavour of the totality of the debate that took place around Project Eagle, from the decision and the strategic change of direction which the Deputy mentioned, to the pricing, the PIMCO exit, the conflicts of interests and the ultimate decision to accept the Cerberus bid. The chairman of the audit committee might wish to comment on that.