Oireachtas Joint and Select Committees
Wednesday, 25 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Eamonn Walsh:
It is probably fair to say that they do not have much power to mandate that particular disclosures should be made. If international accounting standards do not require those disclosures then I would imagine it is very difficult for an auditor to say, "Look, we expect you to make additional disclosures over and above the ones that are currently required by accounting rules".