Oireachtas Joint and Select Committees

Thursday, 11 July 2019

Public Accounts Committee

Business of Committee

9:00 am

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

The NTMA accounts received a clear audit opinion. The Comptroller and Auditor General has highlighted non-compliant procurement in respect of the NTMA administration accounts and, in the case of the Ireland Strategic Investment Fund, has drawn attention to weaknesses in internal controls relating to foreign currency hedging which resulted in a loss of €721,000. We will write to the Ireland Strategic Investment Fund on that. The various NTMA accounts we are formally noting are the administration account; the national debt of Ireland account; the post office savings bank fund; the State Claims Agency, to which we will come back in the autumn; the Dormant Accounts Fund; the Ireland Strategic Investment Fund, which we have just mentioned; the National Asset Management Agency investment DAC-----

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