Oireachtas Joint and Select Committees
Thursday, 13 April 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking and Financial Regulation: Discussion with Mr. Jonathan Sugarman
10:00 am
Mr. Jonathan Sugarman:
No, at the end of August, everything was fine. On 31 August 2007 there could have been a sign-off to the effect that there was no problem because these figures change hourly and daily. All the auditor is obliged to do is confirm the situation at close of business on, say, 31 August. A good auditor would have audited not only that day but the preceding days and in his or her review would have stated "however......".
No comments