Oireachtas Joint and Select Committees

Thursday, 9 May 2024

Public Accounts Committee

Financial Statements 2022: University of Limerick

9:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

Okay. On that last question, it is quite obvious that there was a failure in the governing authority to ask questions with regard to this issue. We could not possibly say that the right documentation was not put in front of them. However, if a governing authority has enough people with enough financial background, in particular, they would know the documentation is in front of them in the first place. I do not want an answer to that because I only have five minutes. That is a statement of fact as far as I am concerned. It is an observation from me.

Total impairment now is €12.7 million minus €7.4 million or €6.585 million. Which is it?

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