Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Collection of Pension Contributions due to the Exchequer
Chapter 3 - Control of Funding for Voted Public Services
Chapter 5 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Comptroller and Auditor General Special Report 95: Financial Reporting in the Public Sector
Comptroller and Auditor General Special Report 99: Public Sector Financial Reporting for 2015
Comptroller and Auditor General Special Report 100: Public Sector Financial Reporting for 2016
9:00 am
Mr. Robert Watt:
The question of budget accounting for capital assets is a function of how far we move to accrual accounting in the future. It depends on the financial management and shared services scheme, which we hope to introduce at the beginning of next year. It is a question of the capacity of our system to modernise the accounting system so we can move to full accrual of balance sheet accounts. As the Deputy can see with the account, the current system presents the accounts on a cash basis and then there is a part-accrual. The review we are talking about relates to the reviews being undertaken by the OECD. We hope to have a report by the end of this year.
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