Oireachtas Joint and Select Committees
Thursday, 19 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
9:30 am
Mr. Ed Sibley:
Before answering that, there is no question as to our concern for the human cost in this case. We have deep concern around it which is why we are taking the action we are.
On the specific question around auditors, the external auditors of the banks are responsible for signing off on accounts, that is, that they represent a true and fair view of the position of the bank. They have pretty high materiality thresholds.
No comments