Oireachtas Joint and Select Committees

Thursday, 9 December 2021

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

As the Chair said, there are 11 sets of financial statements, all of which relate to the accounting period 2020. The first concerns the regulator of the national lottery. That gets a clear audit opinion but I draw attention to note 9, which discloses the reasons accumulated pension liabilities totalling €3 million have not been recognised in the financial statements. The note also discloses that the regulator is awaiting a decision of the Department of Public Expenditure and Reform about pension proposals that were submitted in 2015. The second set of financial statements relates to the national lottery fund for 2020. There is a clear audit opinion on that. Cavan and Monaghan Education and Training Board and Waterford and Wexford Education and Training Board received clear audit opinions. The Charities Regulatory Authority received a clear audit opinion. Associated with that, a charities fund account for 2020 received a clear audit opinion. The State property miscellaneous deposits account received a clear audit opinion. The Travellers Protection Fund Investment Account received a clear audit opinion. The Ireland-United States Educational Fund received a clear audit opinion. The Commission for Aviation Regulation received a clear audit opinion. The National Disability Authority received a clear audit opinion.

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