Oireachtas Joint and Select Committees

Thursday, 25 January 2018

Public Accounts Committee

Business of Committee

9:00 am

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

Mr. McCarthy has explained the issue and we can understand. The main thing is that it is in a secure place. That is all I will say about it.

The next item is the Economic and Social Research Institute, which has a clear audited opinion; Údarás na Gaeltachta, which has a clear audited opinion; and the credit institution eligible liabilities guarantee scheme account. It had a turnover of €47.2 million and a clear audited opinion, except attention is drawn to note six in the account which is the additional receipt of €14 million from a credit institution following the identification by it of net underpayment in respect of previous years. Why did the credit institution eligible liabilities guarantee scheme not spot that underpayment?

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