Mr. Seamus McCarthy:

The system of financial control in every public body is supposed to be examined and reviewed every year to ensure it is operating.

The requirement is that it is the highest level of the organisation - in this case it would be the education and training board, ETB, itself - that carries out that review. Obviously work is done, perhaps by internal audit, to test that the controls are working. The results of that would be fed up the chain. If there is a problem with some of the controls not working, it means the top level of the entity knows there is something to be addressed and makes sure the action is taken. It is a requirement in the code of practice for the governance of State bodies. There is a separate governance code for vocational education committees, VECs, as they were, and now for ETBs, but the requirement is there. As a result of the restructuring of the VECs and the creation of ETBs in 2013, they had an 18-month accounting period. In most of the ETBs there was a problem getting the systems in place to ensure that review was carried out. If we were to look back at last week's presentation, I would have been making the same point about most of them. They did not carry out the review in a timely way. We always flag it because we think it is an important control and a governance expectation. I would expect for 2015 that all the ETBs would have their systems fully functional and that we would not be making the same finding in respect of the 2015 financial statements.