‘No conflict’ over liquidation auditors

At least two of the auditors who signed off on the parking of billions of euro from Irish Life & Permanent into Anglo Irish Bank have found themselves working on the liquidation of IBRC.

In answers to parliamentary questions submitted by Sinn Féin’s Pearse Doherty, it has emerged that at least two individuals working with KPMG, who failed to spot the €8bn of circular lending between Anglo Irish and Irish Life & Permanent, are now overseeing the liquidation of IBRC.

At the same time it has emerged that while Ernst & Young is being pursued through the courts for its role in the audit of the Anglo Irish accounts, KPMG will not be sued for its role in auditing Irish Nationwide Building Society.