Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
Mr. Frank Daly:
No, Deputy, hold on, please. He picked the 5.5%. It was in there as a sort of accounting standard that we would apply generally across the board in terms of our financial accounts. The second half of the paper, a very important paragraph in the paper, stated that nobody selling, preparing or valuing an asset for sale should take this as absolute, that one had to have regard to other quantitative and qualitative considerations.
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