Results 3,361-3,380 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: Can you confirm that CARB and IAASA regulate your firm?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: Has your audit activity of financial institutions been reviewed by them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: We know. With respect, it's just that I have a minute left.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: No bother, it's just we have gone through this with all of the others. No disrespect but we know the organisations.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: So if ... you've had reviews of your audit work in that regard. Has there been any adverse findings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: Ever asked by a client that you're auditing, from a financial services perspective, to alter or remove a member of the audit team?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: It's consistent with questioning of the other auditors from the other ... a very specific line was dealt with, with other auditing firms.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: But I'm not mentioning any names and I presume you won't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: Were you ever asked by a client firm to alter or remove the auditor or member of an audit team?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: No, they did, and what you didn't allow, Chairman, with respect, and you can check the record, was the naming of the institution. The question was answered. Where there was a delay in a question was very specifically to do with me asking was it a particular company and at that point you intervened.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: I am not mentioning any financial institution, I'm asking were there ever financial institutions who may, in the course of your work, have made an approach to you to say, "Could you remove part of the team for being over enthusiastic in their questioning or efforts"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: Just very finally then, there's ... I think it's the very first page in the evidence book, would it be page 3, it's a note ... a file note by Kieran Kelly following a meeting with the CEO of the society and it mentions a number of things. One of the things it mentions, as a concern, is a credit shock. Obviously, this would have been a lot earlier than the ... it would have been 7 February...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Marc MacSharry: It certainly didn't form the basis of any discussion, or did it, from that date to your knowledge, up until the credit crisis with the collapse of Lehman's in September 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: Thanks very much, and thanks, Mr. Hurley, for being here. After 2004, the IMF, OECD and ECOFIN all clearly recommended a tighter fiscal stance and the building up of a cushion for the time when income from property-related transactions might fall. Can you discuss why the Central Bank's recommendations to the Minister did not more forcibly raise this issue?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: At the time, was there any specific advice that you gave in your role to the Government that they didn't follow, that they refused to take, that they ... that you would recall now as being of detriment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: The Government did what they were told then, did they?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: Can you recall any example where they didn't follow your advice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: I would just ... It's not to stop you, but my time is limited and we're going off on a little bit of a tangent of kind of general things. Were there any specific instances where the Government did not follow your advice? And can you be specific if there was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: Okay, so again you're not being specific, if you forgive my ignorance, you're saying broadly fiscal policy-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Marc MacSharry: -----was not what you wanted it to be. So what specifically did you want that they weren't doing or that you had suggested should be done and they didn't?