Stephen Donnelly (Wicklow, Independent) | Oireachtas source

The motion before the House condemns the appointment of KPMG to undertake a review of transactions in IBRC as it advised Siteserv during the sale. The Government amendment acknowledges that and states that the sale process was run by Siteserv along with its advisers KPMG Corporate Finance and Davy Corporate Finance and calls on Dáil Éireann to support the review, which KPMG has been directed to conduct. It is extraordinary stuff. In essence, KPMG is being by the Government to investigate itself. This is not a perceived conflict of interest. It is the definition of a conflict of interest. The Government should ask KPMG to step down and appoint a person or organisation who was not involved in the deals under investigation. Should the Government refuse to do so, KPMG should take it upon itself to step back from this situation.

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