Mr. Seamus McCarthy:

In general, I am reluctant to comment on legislation. I would say that this is a complex process. In any situation where there is discussion of taking an action against an official it has to be done with legal advice. It is a very tricky situation.

Audit committees and internal audit capacity in an organisation are absolutely vital to the effective control of the organisation. It is something that many of the boards have now, if one likes, come to see that for 2017 they were insufficiently supported in terms of internal audit and capacity.