Accountants and banking failures
Senator Barrett asks that the major accounting firms be investigated for certifying Irish banks shortly before the State’s €64 billion rescue.
Yesterday The Irish Times carried the story of the Financial Regulator moving to regulate the health insurance industry. This echoed sentiments here and was in line with the co-operation of the Leader in ensuring this issue was tackled, which gives hope for the future. We have also tackled the insurance sector, the banks and stockbroking. In today's Irish Independent, Mr. Stephen Kinsella very strongly makes the case that we now need to tackle the "Big Four" accountants which prepared accounts for the Irish banks which showed them to be solvent shortly before we had to put €64 billion into the same banks.
Comment on this
As the Leader was successful in bringing the health insurance issue to the regulator's attention, will he join in ensuring the "Big Four" accountants are investigated for their role in the disasters which we have been trying to cope with in the intervening period?