Oireachtas Joint and Select Committees
Thursday, 27 September 2018
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
The whole point of the financial statements is to give a true-up of one's trading position in a year. The board is signing off and declaring that it has been in a deficit position in a particular year. The whole point of the financial statements exercise is that one does know what one's position is at the end of any period.
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