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
10:00 am
Mr. Seamus McCarthy:
In a way the audit opinion I have expressed is an opinion to say that they are not over the line in certain respects. I refer to the areas I listed where we were able to gain reasonable assurance around the figures in the financial statements. We had to do more work than we would normally expect to do, certainly for a body on this scale. We had to look at more transactions. Normally, auditing is done on a sample basis. It also tests controls rather than looking at a wider sample. In this case, we found that we could not rely on controls; we had to do more testing and look at more cases. More analysis had to be done and more time had to be input into the audit.
No comments