Results 18,781-18,800 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Yes. Is that in the directors' statements-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: No, no, that's fine. And the last excerpt you read out there from 2006, where is that presented in the financial statements? Is that in the directors' report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Yes. I mean, the 2008 financial statements would've been agreed and published in early 2009, so that would've been after the bank guarantee and after the crash, for want of a better phrase, in September 2008. The issue I'm raising is, you know, people who would've been relying on financial statements for 2005, 2006, 2007 ... yes, in the note dealing with loans owed to the bank, there is a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Can you just talk us through, during the course of an audit, if you as the lead auditor felt very strongly that there should be a note in the accounts? Obviously, the accounts are the preserve of the directors, but if you as the auditor felt strongly that there should be a note, what typically would happen in that situation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Ask AIB to put it in, yes. And was there ever a situation where you as the auditor desired additional disclosure by way of a note or a statement in the accounts, but that was denied by the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Okay. But prior to 2008, there weren't any examples where you wanted something in the financial statements, but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Okay, and just to clarify, there was never a situation where an issue was of such seriousness that you felt it might warrant a qualification in the report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Another question, Chair, if I may? In terms of your communications with the AIB audit committee, and you referred to this in your opening, your witness statement, page 7, that between 2004 and 2007, those communications would have included the identification of risks relating to, or arising from, property funding and liquidity, and I assume that the extracts you read out there to Deputy...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: It is general in nature.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: And you were satisfied with the response of the ... the audit committee and the board, subsequently, in the presentation of the financial statements?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Or the issue of disclosure of property-related risks, yes.
- Written Answers — Department of Finance: Mortgage Arrears Proposals (13 May 2015)
Michael McGrath: 64. To ask the Minister for Finance in respect of the Residential Mortgage Arrears and Repossession Statistics for Quarter 4, 2014 published by the Central Bank of Ireland, the number of the 114,674 private dwelling home mortgage accounts classified as restructure-rescheduled that are currently meeting the terms of the restructuring-rescheduling arrangement, and are no longer regarded as...
- Written Answers — Department of Finance: Universal Social Charge Payments (13 May 2015)
Michael McGrath: 73. To ask the Minister for Finance the number of persons who only pay universal social charge at the 1.5% rate; and if he will make a statement on the matter. [18787/15]
- Written Answers — Department of Finance: Universal Social Charge Payments (13 May 2015)
Michael McGrath: 74. To ask the Minister for Finance the number of persons who pay universal social charge at no higher than the 3.5% rate; and if he will make a statement on the matter. [18788/15]
- Written Answers — Department of Finance: Consumer Protection (13 May 2015)
Michael McGrath: 75. To ask the Minister for Finance his plans to protect consumers whose loans are sold to third parties; when he expects legislation in this regard to be enacted and operational; and if he will make a statement on the matter. [18797/15]
- Written Answers — Department of Finance: Property Tax Exemptions (13 May 2015)
Michael McGrath: 77. To ask the Minister for Finance the number of applications made for exemption from local property tax, in respect of pyrite damage in categories 2 and 1, the progress made and the number of successful applications in each category. [18828/15]