Oireachtas Joint and Select Committees
Thursday, 24 September 2015
Public Accounts Committee
Galway-Mayo Institute of Technology: Financial Statements 2013
10:00 am
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Is it beyond the remit of the HEA or IOTI at that level - or the Department - to request Deloitte to supply all of the results under the various headings? For example, one could say that, according to the accounts, the amount paid by GMIT in respect of travel and subsistence was €727,000 in 2012 and €723,000 in 2013. Under that arrangement, Deloitte would be able to say, looking at the travel and subsistence for CIT, for example, that it was almost €2 million in 2012 and €2 million in 2013 and an organisation with oversight, such as the HEA or IOTI, would be able to ask why that was the case. This would constitute governance in a very simple fashion by means of auditing the figures of every single institute and it would mean that we could ask GMIT, for example - representatives from which are with us today - why its catering facility lost, if I am correct in my estimation, €33,000.
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