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
Mr. Cormac Butler:
They have never admitted it for nine years. This has been written about. Mr. Bush brought it up in 2010 and wrote to the Irish Government on this. It appears that 2019 is the first time the ICAEW has said the accounting standard IAS 39 is not in compliance with capital maintenance and, therefore, not in compliance with company law.
No comments