Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Ms Catherine Hynes:

Yes, but that report came out in 2016. Caranua opened its doors for business in 2014. Caranua attempted to look at the projected number of people who would avail of it. It carried out an actuarial study of the number of survivors estimated to be around at the time. When Caranua saw where moneys were being spent it took corrective action. It was accountable under the code of practice for the governance of State bodies from 2009 and, after that, the 2016 version. There was accountability for Caranua all along.

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