Wednesday, 13 May 2020

Questions (52)

Catherine Murphy

Question:

52. Deputy Catherine Murphy asked the Minister for Finance the reason a company (details supplied) was selected as a second auditor of the SBCI and excluded from having to go through the procurement process as per the SBCI board minutes of 23 February 2017 in view of the fact that clients of the company also received €615 million out of the €1.24 billion SBCI fund; and if he will make a statement on the matter. [4134/20]

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Written answers (Question to Finance)

The SBCI Board made the decision to appoint Deloitte in the event that a second auditor was required, pending legal advice on whether the Comptroller & Auditor General could perform the role of statutory auditor. Following receipt of legal advice, a second auditor was deemed unnecessary and Deloitte were not appointed