Oireachtas Joint and Select Committees

Thursday, 23 November 2017

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

We are still awaiting for the details of that. The Deloitte letter will be on the agenda for discussion at our next meeting. We did not get a chance to circulate the letter in time for the meeting.

The next issue on the agenda is financial statements received since the last meeting The United States Commission for Education Exchange has a clear audited opinion on €1.2 million and it provides grants to Irish citizens to study, research and teach in the US and for US citizens to do the same in Ireland. The Laois and Offaly Educational and Training Board 2016 accounts have been submitted and there is a clear audited opinion.

The next item is unusual, the National Asset Management Agency Investment Limited. We have just received its accounts for 2011 to 2016, inclusive . All the accounts were certified within a reasonable period in the following year but for some reason they are now only being presented to the Oireachtas, even though the 2011 accounts were certified by the Comptroller and Auditor General in July 2012. We must write to NAMA and the Minister for Finance seeking an explanation as to why these accounts were not laid before the Oireachtas or published before now. I want the people who are watching these proceeding to understand that the National Asset Management Agency Investment Limited is the holding company that owns NAMA. A couple of weeks ago when I was following up on correspondence from NAMA, I saw a reference to this company and on 10 October I tabled parliamentary Question No. 28, reference number 42512/17, and received a reply. It will be circulated as part of correspondence. I asked the Minister for Finance the persons or organisations that are the 51% owners of the NAMA group. I now suspect that because I tabled a parliamentary question, it probably prompted the publication of these accounts.

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