Seán Fleming (Laois, Fianna Fail) | Oireachtas source

I have two quick questions for Dr. Browne. In his opening statement, he said something that is news to me. He said that the university produces two formats of annual financial statements each year, the HEA funding statements which are audited by KPMG, and the general accepted accounting principles, GAAP, statements, which are audited by KPMG and the Comptroller and Auditor General. Why are there two audits?