John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Deputy Patrick O'Donovan made a point about the amounts of money involved and the amount of money lost. We have had hearings on cases in which far greater sums were lost.

The issue that arises relates to governance, proper procedures, etc. Mr. Colgan stated that there was a cascade of governance and assurance-type arrangements and procedures and manuals in place and outlined his view to the effect that these were sufficiently robust. I inferred from his statement that people on the administrative side in both Departments were educated and up to speed regarding what they were dealing with in this project. Am I correct?