Written answers

Tuesday, 25 February 2014

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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214. To ask the Minister for Finance his views on requesting independent individuals of any of the four major auditing and accounting firms to the main banks before and during the crisis to review the decision of the special liquidator of Irish Bank Resolution Corporation to initiate proceedings against a company (details supplied) for its role in auditing Anglo Irish bank, but not to pursue another company (details supplied) for its role in auditing Irish Nationwide; and if he believes that the second company should be held to account for its perceived auditing failures of the Irish Nationwide accounts. [9457/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The primary duty of the Special Liquidators is to the creditors of IBRC and not to KPMG. I fully expect that the actions they take are taken in the best interests of the liquidation and I do not propose to intervene in matters such as these.

As this is a matter that is currently before the Courts i am not in a position to comment any further on it.

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