Oireachtas Joint and Select Committees

Thursday, 21 June 2018

Public Accounts Committee

Business of Committee

9:00 am

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

I thank the Deputy; I was not aware of the borrowing restriction in the legislation. It is important we get updated accounts. We will ask for a report which covers all of the institutes of technology.

The next item is a clear audit opinion from the Strategic Banking Corporation of Ireland.

The next item is a clear audit opinion from the HSE. The attention of the committee is drawn to some non-competitive procurement, inadequate monitoring and the oversight of grants to outside agencies. The statement of capital income and expenditure shows a surplus from 2016 of €15 million brought forward even though sanction was not obtained to do so. The HSE is on the work programme for this committee and it is due to appear here on 5 July. We can discuss all of those issues on that day. We will note it in the meantime.

The next item is a clear audit opinion from the National Asset Management Agency.

The next item is a clear audit opinion from the language body. Its accounts have been jointly audited with the Northern Ireland Comptroller and Auditor General.

The next item is a clear audit opinion from Trinity College Dublin. However, attention is drawn to the deferred pension funding, and the disclosure of a cyber fraud on the Trinity Foundation in 2017, at a cost to the university of €975,000. That is staggering. We have found out about two educational bodies today that were subject to cyberfraud or invoice redirection fraud, being Louth and Meath ETB to the tune of €246,000, and Trinity College Dublin to the tune of €975,000. That is €1.25 million of taxpayers' money.

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