Gerry Horkan (Fianna Fail) | Oireachtas source

Clearly, as the witnesses have said, there is much conflict of interest and vested interest. If a person does something illegal and nobody stops that person from doing it, then he or she is at fault for breaking the law. The regulator, however, who should have gone in and said that the law cannot be broken, seems to have been asleep at the wheel and knowingly allowed accounting firms to not comply with the existing laws and to make up their own rules, which are in conflict. I believe that Mr. Butler has suggested it was knowingly allowed as there is a letter written to that effect. Is this what Mr. Butler is saying?