Mr. John Treacy:

We went to tender for our audit a few weeks ago and we had no takers. We will now be out looking for auditors to do the work. We agreed last night with the FAI that the audit will be as extensive as we want it to be, which is definitely a step in the right direction. It was one indication to me that some members of the FAI are trying to do the right thing. It was good to know that the FAI is willing to let us have an extensive audit. We will be doing this as quickly as we can. The Mazars' work, however, needs to start and get going. That is an investigation we will need to bear in mind when we are doing our piece of work but we would like to be seen to get this going, probably in May at some stage. There is a degree of urgency. The Senator is correct that all of these things take time. The nature of the Mazars' work, and what we saw last night in the terms of reference, is very extensive. They were talking about an interim report at six to eight weeks and then a more extensive report. It will be quite a while.