Ms Nóirín O'Sullivan:

If I can explain, as I explained to the committee earlier, from what Mr. Kelly has uncovered in his audit to date - I want to make the point that the audit is continuing - it is difficult to identify what happened between the 2008 and 2010 reports. However, I can say that in 2015, once the matters were brought to our attention, immediate action was taken to put in place structures and mechanisms to unravel this very complicated architecture and accounting system that had grown up over four decades and to put in place the necessary structures and processes that would ensure it could never happen again. I know the Deputy may not have been here earlier on, but I gave evidence to the committee through my colleague, Mr. Nugent, who I appointed to chair a steering group to ensure that the 19 recommendations of the interim audit report were fully implemented. Mr. Nugent has given assurances through me to the committee. We had an implementation deadline of June of this year. Due to advices that we are continuing to be in receipt of and the complexities of some of the issues that we need to do, basically they will now be completed by the end of December 2017. I think that is indicative of the commitment, energy and leadership that was applied to making sure that these very complex and complicated issues were dealt with.