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
Mr. Seamus McCarthy:
What is important with the balance sheet is that one recognises liabilities that are likely to hit the income and expenditure in the future. Therefore, to be conservative, one provides for liabilities one thinks will happen. With assets, the conservative approach is, unless one is fairly sure of getting them, to not recognise them.
No comments