Oireachtas Joint and Select Committees
Thursday, 24 September 2015
Public Accounts Committee
Higher Education Authority: Financial Statements 2014
Mr. Tom Boland:
Foundations or trusts are extraordinarily important, as I think the Deputy will appreciate, in order to raise private funding for the institutions. We have had an ongoing issue with the consolidation of the foundations into the accounts of the universities so there is full transparency. This matter is now at an end because we have directed the universities that all foundations must be consolidated into the accounts. One university was already doing this in any case.