Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I should also congratulate the State Claims Agency, as it got a clean audit on everything from the Comptroller and Auditor General. Obviously, our questions do not pertain to the auditing of accounts; they pertain to the agency's role and function and queries on that. I will turn to the single recommendation from the Comptroller and Auditor General regarding the agency. It pertained to the 20% margin of comfort that the agency allowed, whereby it overestimates the liability by a 20% margin of comfort. The Comptroller and Auditor General recommended that the agency should change it and that it should be based more on statistical probabilities and by informed analysis of outcomes of previous cases. Has that recommendation been taken on board?

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