Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 10 Oct 2008Firms 'have case to answer' on banks crisis
A FORMER minister of state has ridiculed auditors as a “joke and a waste of time. They are lick-arses for the management of companies, because corporate governance doesn’t work in our society.”
Government backbencher Ned O’Keeffe (FF, Cork East) also condemned the Financial Regulator for appointing PricewaterhouseCoopers (PwC) to examine the delay by all major banks in collecting interest payments from property developers. He pointed out that PwC had already audited Bank of Ireland, which paid it €15.4 million.
Choose a Subscription type - required
