Mr. Seamus McCarthy:

I think any of the issues that are there do not generally stretch back to 2014. Obviously, there were issues relating to the dormant accounts funding and so on, which seem to have gone back to about 2018 or 2019. While moneys were allocated, the drawdown seems to have been later. Again, in the period of 2020, Covid was obviously a factor there. For some reason, a lot of these matters seemed to surface at this point. It is certainly a concern.

There are a number of relatively minor issues as well, which I am covering in the report that I am producing, which perhaps are a bit longer term. They may be indicators that perhaps controls were a little bit more lax than they should have been. I think the committee will have an opportunity to consider that further.