Auditors who signed off on Anglo and National Irish accounts to be investigated

THE auditors who signed off on misleading accounts produced by the crippled financial institutions will have their work investigated in the ongoing banking inquiry.

The probe will examine Ernst & Young, who audited Anglo Irish Bank, and KPMG, who audited Irish Nationwide Building Society.

Finance Minister Brian Lenihan said the level to which Anglo’s accounts were misrepresented prior to its nationalisation was a cause of concern.