Oireachtas Joint and Select Committees

Thursday, 16 February 2017

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

We have written to them and are awaiting a reply. When we receive it, we will come back to the matter.

No. 4 is statements and accounts received since the last meeting. No. 4.1 is the statement and accounts of the Insolvency Service of Ireland which has received a clear audit opinion.

No. 4.2 is the statement and accounts of the Residential Institutions Statutory Fund Board -Caranua. This is important, but it also involves a clear audit opinion. According to the Comptroller and Auditor General, the statement on internal financial controls disclosed that weaknesses in the board's control over grant payments continued in 2015. This created a risk that in some cases the grant might not be used for the purposes intended. The statement also sets out the steps being taken by the board to resolve the weaknesses identified. As the Comptroller and Auditor General might explain, this is a hangover from the residential institutions redress scheme. Over €30 million was paid out in 2015. A great deal of money was also paid out in 2014. Therefore, as the board must be close to winding up, there is no point in telling us it is going to take steps.

It might be out of existence by the time that happens We have formal requests to come and address the committee from some people who sought funding from the board. They were victims and part of the redress scheme. Is there much left in the fund?

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