Oireachtas Joint and Select Committees
Thursday, 17 February 2022
Public Accounts Committee
Business of Committee
1:10 pm
Mr. Seamus McCarthy:
The audit certificate might draw attention to it if it is a significant matter, particularly if there is any failure of controls.
It will be clear in the financial statements. If it is making a prior year adjustment, it must explain in the financial statements the nature and reason for this. It must show the impact on the prior year, and if there were adjustments relating to years even before the prior year, 2020, it would have to explain that.
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