Mr. Seamus McCarthy:

Yes, that is a way of putting it. It means there will not be any further financial statements from St. Patrick's College for me to audit. I obviously will not be auditing the charitable funds of the archdiocese of Dublin. I draw attention to the basis of preparation of the financial statements. They were prepared not on a going concern basis, because the organisation has been wound down and dissolved.

No. 58 is Technological University Dublin. These accounts relate to 2020 and 2021. I signed off on those on 25 November 2022, but due to an oversight they were not submitted to the Department until this summer. In fact, we had looked for accounts that had been signed but had not been presented. When we queried why they had not been presented, that triggered them being submitted. They were presented on 6 September. I issued a clear audit opinion in respect of those accounts, but I drew attention to disclosure of a material level of non-compliance with procurement rules. The figure in that case was €1.8 million. However, I should draw the committee's attention to the fact that since the audit was completed, an accounting error has been identified in the accounts of the technological university. It appears it was overestimating the amount of recurrent grant it was due and it had a debtor, which in fact should not have been recognised. The reasons the error occurred are being investigated. We expect to examine it thoroughly in the context of the 2022 audit, which is ongoing.