The Financial Regulator has ordered auditing firms to report immediately any concerns over bank liquidity or solvency discovered during their forthcoming reviews of Irish banks’ full-year accounts. The move is in response to the credit crunch that has dramatically restricted access to cash in the interbank market.
The regulator has told the country’s top auditors, which include PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte, that it wants to see copies of all reports prepared...
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