Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

The difference is that if a private sector company does not meet its audit filing deadlines there are consequences but it would appear that for public bodies in a similar situation, there are very few, if any, consequences. If persistent problems arise every year with audits, they need to be highlighted. It is incumbent on us as a committee to ensure that this happens.

The budget is drawn up every year and has an impact on ordinary peoples' lives. If accounts are filed on time, we will know exactly what is happening in particular sectors and decisions can be taken quickly which could end up saving money for the taxpayer and consequently, making more money available for the delivery of services on the ground. This is not rocket science but on the face of it, if around 70% of accounts are not audited or provided on time-----