Oireachtas Joint and Select Committees

Thursday, 27 October 2022

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

They will do a standard commercial audit. It will be of all of the financial statements of Irish Water. However, to the extent that I am required to give an opinion on those as well, I will seek, in the interests of efficiency not to duplicate the work, to rely on the work the commercial auditors do. I am entitled to do that as an auditor. We do it in other circumstances, for example, in the universities. They appoint auditors so we review their work programme and findings. We draw our own conclusions. If we feel there is additional work to do, then we undertake that ourselves.

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