Mr. Seamus McCarthy:

No. 4.2 refers to Coláiste Mhuire gan Smál, Ollscoil Luimnigh which is the Mary Immaculate College of education. The 2012 financial statements have just been submitted. They were certified in October of 2014 so I am not clear on what the reason is for the delay. The 2013 financial statements have since been certified on 25 May 2015 and they have been presented by this date so I think there is a problem.

The matters drawn attention to in the audit certificate relate to the recognition of a deferred pension funding asset which is a standard issue in relation to universities and university level bodies. Also, I draw attention to the quite late review of the effectiveness of the system of internal financial control by the college.

With the Athlone Institute of Technology-----