Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 37 - Department of Social Protection
Chapter 9 - Regularity of Social Welfare Payments
Chapter 10 - Roll-out of the Public Services Card
Social Insurance Fund 2015
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
That leads me to my second question on the Social Insurance Fund account. According to a note on page 12, the Department wrote off €36.7 million on 1 January 2015 because the opening balance was not correct. I have a problem with this. The previous year's figures, as presented to the Oireachtas, were overstated. According to page 13, a further adjustment to the redundancy debt figure may be required upon the completion of the internal review in 2016. Ms O'Donoghue signed the account for the Comptroller and Auditor General. The Department is essentially saying that the balances outlined in the set of accounts before us are not real. Does Ms O'Donoghue get my point?
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