Tuesday, 23rd December, 2008: At its meeting of 23 December 2008, the Board of the Irish Auditing & Accounting Supervisory Authority (‘IAASA’) decided to appoint a senior staff member to observe the Institute of Chartered Accountants in Ireland’s response to recent developments at Anglo Irish Bank Corporation plc.
The Board’s decision, which was taken having regard to public interest considerations, follows the Press Statement of 19 December 2008 issued by the Institute’s Chartered Accountants’ Regulatory Board in which it was stated that the circumstances around the issue of inappropriate loans at the bank and the role played by any members of the Institute are to be examined.