Oireachtas Joint and Select Committees

Thursday, 22 June 2017

Public Accounts Committee

University College Cork and University of Limerick: Financial Statements

9:00 am

Professor Desmond Fitzgerald:

The governing authority was unaware of much of this, which raises a question of its own. It has been quite shocked by what it has heard. It has instigated a number of actions, such as the internal review of the institution. It has also had the internal auditors look at some of the specific issues which have been raised. I do not believe for a moment that the governing authority is, as it were, sitting on its hands about this. It is being very proactive in trying to understand what happened. We are very early in the review process. One of the things we are looking at, and at which I know Dr. Thorn is looking, is what the governing authority knew and what decisions it made, dating back to 2006.

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