Ms Maria Graham:

That is certainly the case because the memorandum and articles would assume audits are applied by the company. The Comptroller and Auditor General has a role when Exchequer resources are going in from the departmental Vote or from central funds. No Exchequer resources have been provided for the establishment of Irish Water that would come within the departmental Vote and therefore would be scrutinised by the Comptroller and Auditor General in that context rather than in an auditing context of Irish Water.