Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Estimates for Public Services 2014
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
3:50 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The Revenue Commissioners seem to be adopting a much more forensic and targeted approach to audits. One of the outputs from 2013 was that risk-based audit and compliance interventions yielded over €550 million. The targeted output for 2014 points to an increased yield from such interventions. Clearly, the Revenue Commissioners have had a lot of success in this regard. Can the Minister outline what areas have been found to be of high risk resulting in such a high yield? There is not a new initiative but new emphasis on risk-based auditing, which yielded over €0.5 billion in one year.
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