Oireachtas Joint and Select Committees

Thursday, 6 April 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014

9:00 am

Ms Elaine Sheridan:

The institute welcomed the Quigley report and we co-operated with that. We undertook to implement the 42 recommendations within it. There was quite a lot of legal work included in that, which took some time. This included making the companies' legal structures such that they could be subsidiaries of the institute and then reducing that legal structure. At the same time we were in the process of negotiation with the Department of Education and Skills for funding to finish the Carriganore WIT arena, so quite a lot of things were included within the report. One of the recommendations of the report was that the Department and the HEA would monitor the progress of the institute in implementing the recommendations, which they did all along. We reported back in December 2015. The most recent report was the final report of the HEA in its review that we had substantially completed the body of work that was done.

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