Peter Burke (Longford-Westmeath, Fine Gael)
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Would Mr. McCarthy accept that auditors are experts in accounting and audit and that it is quite common throughout the audit industry to use experts in areas like valuation of land and property and assessment of loan impairment values? It is a question of being sure the process they are undertaking is correct. Mr. McCarthy has made it reasonably clear in his report that there is a significant probable loss to the taxpayer. He is hanging his hat on that assertion. Essentially, he has to have evidence to support that. I do not think we can go back to the default discount rate that NAMA has been using for other projects. Does Mr. McCarthy accept that in order to support his assertions, he has to have evidence that this rate is correct for this specific project?