Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

There is full agreement on the bulk of the Comptroller and Auditor General's report. There is an issue surrounding the probable loss but, in examining it, the difference of opinion is not about the probable loss, but rather about the causes of the probable loss. As I understand, the Comptroller and Auditor General's view is that if a different process had been used against a different timeline and a different discount rate were applied, the probable loss would not have occurred-----

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