Results 8,761-8,780 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: It's the external auditors' fees by institution 2004 to 2010.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: We were provided with it by ... it's a sheet given to us by the secretariat, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: So the question really I have is twofold. Number one - in 2008 the €10.8 million, which was the total fee - €4.9 million for the audit and €5.9 for the non-audit - was that your highest single fee? And, secondly, from a ten-year period up to 2009 it's reported that, between audit and non-audit income, you got over €100 million for Bank of Ireland and about ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Or not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Or not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Correct.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: How does this relate to being-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: ---being the ... was it your largest fee, combined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: How did you ensure that couldn't be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Final question, Chairman, just one final question. How did you ensure that there wasn't conflict of interest where you had one client, Bank of Ireland, having ... commanding such a large level of fee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Thanks, Chairman. I want to welcome Mr. Smith and Mr. Fitzgerald.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Can you recall any issue, which may have warranted qualified report, which was discussed with the bank but did not feature in a management letter?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Did the adoption of IAS 39 mean that the audited financial statements no longer had to comply with true and fair standard, the previously ... that was previously accepted?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: If IAS 39 came into being from accounting years from 1 January 2005 onwards, if IAS ... which appears to, you know, by way of fair comment, have coincided with the massive growth in loans - development loans - in the banks. If IAS 39 had not been introduced, would there've been a difference in the way you reported and would there've been a difference in the way losses were reported in the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: But you would've provided expected losses, as well as incurred losses, under the old regime prior to ... IAS 39 purely restricted it to incurred losses, but you would've been ... effectively, as an auditor, you would've looked to have losses provided on an expected losses basis prior to IAS 39. Correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Did ye have an issue with the introduction of ISA 39 as an accountancy organisation? Did you make your views known to various bodies, your own institute and so forth? How did you feel about IAS 39 being introduced?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Can I go to EY - Vol. 1, page 31, which is basically your reporting requirements to the regulator in respect of 31 December 2008 accounts? And I want to reference this document back to your own internal memo, page 25 of the same document ... on page 27, paragraph 3. And you reference in it that - the paragraph I'm doing is paragraph 4 on page 31, "EBS internal reports indicate that it ha[s]...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: And were ... were you ... did ... were you aware at any stage in the '06 and '07 audits that there was liquidity issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Kieran O'Donnell: Okay. And what would have been your interaction with the Financial Regulator between '03 and '08? And how do you feel their role ... how did you feel their role, I suppose, was? And I can take it ... because KPMG were here before us and they confirmed that a meeting took place on 10 January 2008 with the Financial Regulator involving the big four-----