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
2:35 pm
Áine Collins (Cork North West, Fine Gael)
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They would not want to do it because the risk would be too high. Even in the case of a credit union - we have all seen what happened in credit unions - one would see many medium-sized auditing firms carrying out such audits, but they are extremely onerous. Even as time passes, the big four are doing more because they have the expertise which is gathered in continuously carrying out audits in the same environment. That would be a big issue.