Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

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

10:00 am

Mr. Brian McEnery:

I have a quick comment. I have been chair of the audit committee for a number of years and I want to note in the first instance that we have had much valuable interaction with the Comptroller and Auditor General. It should be remembered that we were established in 2010 and we had to build a system from nothing. We got huge assistance and advice from the Comptroller and Auditor General around that. I would like that to be acknowledged and noted. However, in the context of the reference to a probable loss of £190 million, it is something where we are rightly accountable before this committee to give our view. On 29 September, Deputy Alan Kelly asked what was the margin around that figure and the Comptroller and Auditor General replied that it was impossible to estimate it.

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