Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

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Mr. Cormac Butler:

Senator Horkan has got the point. To summarise on that, the Future of Audit report stated that the ICAEW gave incorrect advice. The ICAEW gave advice that was contrary to capital maintenance and, therefore, contrary to law.

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