Oireachtas Joint and Select Committees

Thursday, 13 October 2022

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

There is an obligation on any auditor of financial statements to consider the going concern basis upon which the accounts are put together. So every auditor has to consider whether there is any question, or any uncertainty, about the trading basis. Certainly, if there was a question of insolvency, the auditor would be obliged to report that.