Auditors qualify accounts for MacSharry firm
Auditors have qualified the accounts of a loss-making property company of which Ray MacSharry, the government-appointed director of Irish Life & Permanent, is a member.

Accounts filed by Foresthaze Developments, of which MacSharry is a director and major shareholder, reveal that the company’s auditors were unable to satisfy themselves as to the value of its assets. The Sligo company recently failed to secure planning permission to build 200 houses and apartments on the site of the former Saehan Media plant outside Sligo. The company’s auditors said they had opted to issue a ‘‘qualified opinion’’ on the accounts, as they could not verify the €12.5 million value placed on the site by the directors, nor the €1.9 million value of work in progress.

The auditors said they had ‘‘not obtained all the information and explanations that we considered necessary for the purposes of our audit’’ relating to the site valuation and works in progress. ‘‘The evidence available to us was limited because, although the directors have valued the site and work in progress to the best of their ability, there is no active market from which we could make an assessment of the net realisable value or value in use," they said.
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MacSharry’s son, Marc, a Fianna Fail senator, stepped down as a director of Foresthaze last month.
http://www.sbpost.ie/news/ireland/auditors-qualify-accounts-for-macsharry-firm-45867.html

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McSharry's son was and perhaps still is a middle manager at Anglo.

In the Treasury dept. of Anglo no less.

The son in Anglo (he's still there) is not the same son mentioned in the story.

Carry on.

Wasn't it Shay Brennan's son that worked in Anglo? Or was the a few FF'ers there on work experience?

In the Treasury dept. of Anglo no less.