Oireachtas Joint and Select Committees

Thursday, 21 November 2019

Public Accounts Committee

2018 Financial Statements of the Charities Regulatory Authority

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Is that not one of the problems? If one considers the history of the Console issue, it went on for so long and people were trying to figure out how did it happen for so long. It was because people were asleep at the wheel and it was not being examined in the way it should have been: credit card expenditure was off the chart; duplicate accounts were different for the same time period; and directors were also employees. There were huge issues that were all missed but which were eventually found to be the case. I am struggling to understand, as this happened. There are other examples we could go into and while I do not want to spend time talking about the bad examples - as there are so many good examples of charities - we do know there was very bad practice. This has an impact on the people who gave the money to those charities. If the regulator is not across this, if there is no obligation on the auditor to inform the regulator that there is a difficulty, if there is no obligation on the organisation or charity itself to inform the regulator and if the regulator is not seeing the audited accounts, then I am concerned that we do not have the oversight we should have around financial governance and governance generally in charities. When are we going to get to a point when this will be the case?

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