Mr. David Moloney:

The difficulty is that we run a cash-based public expenditure system and a cash-based government accounting system. There is a difficulty in translating legacy systems from accruals into cash. Accruals-based accounting is the standard in the private sector, by and large. The difficulty we have then is that the legacy systems are not equipped to give equivalent cash information. We can rely on the information they give but the problem is that the information they give is often at too high a level and does not have the level of detail that would be required to properly manage the system-----