Mr. Seamus McCarthy:

As a result of the inadequate accounting records kept by the college it struggled to produce financial statements for 2012 and 2013, and to provide explanations to us. We had to do a substantial amount of working around to try to get complete explanations. It is a matter which I have reported on in 2014. I signalled then that the problem existed. The qualified audit opinion has been given for the past three years in relation to NCAD.