Oireachtas Joint and Select Committees

Thursday, 23 February 2017

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

Yes. Since this committee has been in office, I have been trying to push the idea that prompt submission of financial statements is important. There are structural difficulties in the system and I have tried to set those out in a fair way in the report. I hope it is comprehensive and I will try to repeat it. This relates to the 2014 year of account. I will try to update it for 2015 so the committee will have up-to-date information. I will also try to replicate that reporting annually in order that a focus can be kept on this. The committee, ourselves and the audited bodies have succeeded in bringing forward the financial report and progress has been made. I would like to put that on the record. Even further progress has been made in 2016 but we are still in a situation where many bodies are quite late in completing the financial reporting process. That means that information is coming to the committee too late to address problems in a timely way.

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