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Appointment of Special Investigator to examine certain matters relating to Anglo Irish Bank

Friday, 20th February, 2009: The Complaints Committee of the Institute of Chartered Accountants in Ireland (ICAI) has appointed former Comptroller & Auditor General, Mr John Purcell, as Special Investigator to examine certain issues concerning directors loans and other matters at Anglo Irish Bank and to investigate possible breaches of ICAI Bye-Laws and rules of professional conduct by its members/member firms. The ICAI is one of nine Prescribed Accountancy Bodies supervised by the Authority. At its meeting of 23rd December 2008, the Board of the Authority decided to appoint a senior staff member to observe the ICAI’s response to recent developments at Anglo Irish Bank Corporation. Due to the preliminary nature of its enquiries, the Complaints Committee does not meet in public.