John Paul Phelan (Carlow-Kilkenny, Fine Gael)
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Does Professor Walsh believe, as some others have suggested, that financial institutions should choose their own auditors or should an external third party such as the regulator have responsibility in this regard? Is he of the view that it might be necessary that the auditors of financial institutions should change regularly and that the same firm should not be responsible for auditing a particular institution's books for a protracted period?