Oireachtas Joint and Select Committees
Thursday, 30 March 2017
Public Accounts Committee
University of Limerick: Financial Statements 2014-2015
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
Professor Barry addressed the foundation. I will ask the Comptroller and Auditor General to speak on this. The university seems to have agreed that because it does not control the University of Limerick Foundation, there is no requirement under accounting standards to consolidate it. The professor has accepted that and both sides accept that is the position.
The Comptroller and Auditor General has included a note in his audited report to that effect. There are assets of €15.1 million in the foundation. That was by way of information. I know the university does not control the foundation but are those foundation accounts published elsewhere?
No comments