Oireachtas Joint and Select Committees
Tuesday, 9 March 2021
Public Accounts Committee
Strategic Banking Corporation of Ireland: Financial Statements 2019
9:30 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
I just want to focus a little bit on that. Davy Corporate Finance was an adviser to this sale. There was a particular individual who was director of both companies. The same signing audit partner was used for both. Would that not be a conflict of interest? That person was KPMG. Would SBCI look for those kind of conflicts? How would they show up if SBCI has the same internal auditor? I know it is a small island, we have the same companies being asked to do work and there are Chinese walls and all the rest of it. When one has the same signing auditor, that would seem like a big conflict of interest, however.
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