A DAIL committee is to conduct its own inquiry into the circumstances surrounding the collapse of the Taylor group.

Meanwhile, the authorised officer of the Department of Enterprise & Employment is still examining copious amounts of documents found at the home of the groups founder Mr Tony Taylor.

The auditor to several of the group's companies has also been giving extensive co operation according to Government sources. Accounts which Mr Taylor asked the auditor, Mr Niall Byrne to withdraw from the Companies Office, have not been resubmitted on legal advice.

These accounts were for Taylor Integrated Planning Services (TIPS) for 1992 and 1993. Mr Byrne has said he did not audit accounts for Taylor Asset Managers (TAM) which appeared to be the main trading company when Mr Taylor disappeared.

Mr Taylor disappeared last month and investigations have shown that at least £1.5 million of shareholders' money is missing.

The Dail Committee on Enterprise and Economic Strategy will meet next Wednesday to commence its inquiry which was proposed by Fianna Fail deputy leader, Ms Mary O'Rourke.

Among those who may to asked to appear before the committee as witnesses are Ministers and officials attached to the Department of Enterprise and Employment, the Irish Brokers' Association, Fidelity Investments, the Revenue Commissioners and the Garda.

Four investigations are now being conducted into the Taylor affair. The liquidator of the Taylor Group, Mr Paddy McSwiney, of BDO Simpson Xavier, is expected to return to the High Court on Monday to have his appointment as provisional liquidator to two of the group's companies, Rolyat and TIPS confirmed.