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. Seamus McCarthy:
No, if NAMA makes commercial decisions which result in surpluses or losses, I do not comment on them. What I am saying is the financial statements in front of the committee which are to be published represent what happened in the year and give a true and fair view. However, I did have a concern about the scale of the loss, but it needed further examination that could not have been done in the course of the audit. It required an additional team to do it.
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