Seán Kyne (Fine Gael) | Oireachtas source

The reason for that is because the Minister did not appoint members to replace those that retired. That was the crux of the issue. The Minister also stated on 14 February that the functions of IFI remain to be performed and cannot be performed such as the signing off of the statement of internal control and the sign-off financial statements for 2021. There were serious concerns regarding the financial statements that board members had, including financial irregularities and changes to the CEO's contract. These were the actions of a prudent board acting prudently in not signing off on accounts. Does the Minister agree that it would be inappropriate for any board to sign off on accounts it did not feel were correct?