Dáil debates

Thursday, 25 May 2017

Office of the Director of Corporate Enforcement: Statements

 

3:30 pm

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail) | Oireachtas source

Did the Office of the Director of Corporate Enforcement, ODCE, at any time before or during the collapsed trial that is the subject of this discussion or during the previous collapsed trial raise issues with the Minister directly or with her Department about its capacity or the capacity of the DPP to mount the cases on behalf of the State? Is the Government open to considering extending the terms of reference of the Commission on the Future of Policing in Ireland to review the workings of the ODCE?

I referred to the Competition and Consumer Protection Commission, the Environmental Protection Agency and the Health and Safety Agency. What is their capacity to deal with white-collar crime?

What was the role of the chief investigator vis-à-visthe person's mental health and the action of shredding documents? Are other prosecutions pending in which that person was central in building the case on behalf of the State through his role in the ODCE? It would be important to know whether there are more calamities coming down the tracks.

Has the Minister, through her Department, plans to review and regulate the conflicts of interest among accountancy houses? Irrespective of whether there is a conflict of interest in reality, if there is even the perception of one, it is an issue. These accountancy practices are also assigned consultancies by the large clients that they audit. That is wrong. On one side they audit clients and are supposed to hold them to account in terms of checks and balances but, on the other, they are providing some other accountancy service in another section of the business. They are compromised, which is something that we need to examine.

What will be the consequences for EY of its botched auditing of Anglo Irish Bank?

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