Irish set to probe Anglo Irish Bank audit

EY could face a renewed investigation by the Irish accountancy regulator into its role as the former auditor of Anglo Irish Bank (AIB), following the conclusion of a lengthy trial of three executives at the bank and another financial institution, who were convicted of a 7.2bn (£6.07bn) accounting fraud involving circular loans.

In 2009, the Irish Chartered Accountants Regulatory Board (CARB) began the initial stages of a disciplinary process involving EY and three executives, former AIB finance director William McAteer, AIB executive John Bowe, and Denis Casey, ex-group chief executive of Irish Life and Permanent (ILP).