Sunday 4 December 2016

Central Bank whistle-blower says he was told to delete findings from an internal audit

Published 10/12/2015 | 08:15

The Central Bank headquarters in Dublin
The Central Bank headquarters in Dublin

A Central Bank whistle-blower has made a protective disclosure to Sinn Féin Deputy Leader, Mary Lou McDonald, about an audit report, from which he claims he was told to delete findings from.

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The TD is set to raise the issue brought to her by the whistle-blower at the Public Accounts Committee (PAC) today, according to a report from RTÉ News

The whistle-blower was a former internal auditor at the Central Bank, who claims that his contract was terminated following his complaints. The bank says that it was a fixed-term contract that came to its natural end.

He says that he had originally made a protective disclosure to the Central Bank.

The whistle-blower claims that he was asked to delete critical findings from an audit report in November of last year.

The Central Bank says that it hired Deloitte to examine the issue brought forward by the whistle-blower. Deloitte found in favour of the Central Bank in December of last year.

Criticisms of an alleged lack of appropriate monitoring of arrangements for engagement of external auditors, alleged ineffective monitoring of the bank's internal auditing arrangements and an alleged lack of review of its internal audit manual were included in the draft report written in October 2014 but didn’t make it into the final report, according to a report from RTÉ News.

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