Oireachtas Joint and Select Committees
Tuesday, 16 October 2012
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Scrutiny of EU Legislative Proposals: COM (2011) 778 and COM (2011) 779
2:25 pm
Peadar Tóibín (Meath West, Sinn Fein)
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The auditors were supposed to indicate whether a bank would be a going concern for the following year. Some of the banks covered were audited and within six months they had collapsed. This demonstrates that the auditors did not fulfil their responsibilities. That is beyond a shadow of doubt and it is a costly fact.