Oireachtas Joint and Select Committees

Thursday, 15 December 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Irish Auditing and Accounting Supervisory Authority: Chairperson Designate

2:00 pm

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail) | Oireachtas source

Will Mr. Sisk give his view, if it is in order for him to do so and I am sure it is, on the conflicts of interests, whether real or perceived, among firms in the accountancy industry where they provide a regulatory audit service to client firms and perhaps taxation consultancy advice and also provide and sell other services to the same client firms? The accountancy firms, large and small, will say there is no conflict of interest, that there is a Chinese wall, and that it is regulated, but others take a different view in that if one is the auditor of an organisation, one should not be involved in supplying it other services, including consultancy and other related services. What is Mr. Sisk's view on that?

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