Oireachtas Joint and Select Committees
Thursday, 22 January 2015
Public Accounts Committee
Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
Mr. Seamus McCarthy:
It would not be tolerated. A company which does not file accounts would be struck off and would therefore be unable to trade. It is important to point out that this option is not normally available in a public sector body; one cannot stop it working. That is the importance of having an oversight function and ensuring that there is compliance with the governance requirements.