Oireachtas Joint and Select Committees
Thursday, 10 October 2013
Public Accounts Committee
Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (Resumed)
11:40 am
Mr. Seamus McCarthy:
Normally, a subsidiary is established as a company and is audited by an independent auditor, effectively determined by the shareholders. There is provision in the legislation for a subsidiary of an entity that I audit to be audited by me, but it requires the agreement of the relevant Minister and the Minister for Public Expenditure and Reform.
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