Dr. Geraldine Smith:

I would like to come in here because in the accounts for St. Vincent’s University Hospital, which the HSE funds, note 17 in the 2012 account does set out clearly the issue of retirement benefits. The directors who sign the accounts disclose that this is how this organisation deals with its pension issue.

It is the audit search which draws attention to the fact that - as the auditors see it - they are not complying with FRS 17 retirement benefits.