Anglo trial: Accountant denies being confused by 'labyrinthine' standards

An accounting expert has denied being confused about “labyrinthine” accounting standards while giving evidence at the trial of four former bankers accused of conspiring to mislead investors.

Four former senior bankers from Anglo Irish Bank and Irish Life and Permanent (ILP) are on trial for allegedly conspiring to mislead investors by setting up a €7.2bn circular transaction scheme to bolster Anglo's 2008 balance sheet.