Oireachtas Joint and Select Committees
Tuesday, 9 March 2021
Public Accounts Committee
Strategic Banking Corporation of Ireland: Financial Statements 2019
9:30 am
Mr. Ian Black:
To be fair, the auditors do a sample of transactions. It is to cover, at a high confidence level, that they are satisfied the controls are operating as intended. Our focus is to ensure that the financial benefit we are giving is being passed on in full to the SME, and that is through the lower interest rates.
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