John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Yes. We might be looking back but I am afraid that we have to learn. The other issue is that we are paying for it still.

The committee is aware of most of what Mr. Butler has been saying in the context of the general thrust of his submission, and similarly with Mr. Bush. We should meet the committee in the UK and see if we can perhaps further a joint approach.

I will finish on a general question. When auditing the books of banks, businesses or anything else, is there an obligation on the auditors to tell the truth?