John Brady (Wicklow, Sinn Fein) | Oireachtas source

I welcome all the witnesses who are before us again this morning. It is very difficult to imagine a more damning assessment by the Comptroller and Auditor General. The report sets out in stark detail what can only be described as a damning indictment of the financial practices at UL. The Chair went through some of them. There is significant evidence of loss in terms of value for money. No evidence regarding valuation reports was submitted to the governing authority. There was a bias in favour of the acquisition on unfavourable terms. There was a failure to comply with the principles of the public spending code. There were also incomplete contracts. Do the witnesses agree with the assessment that it is a damning indictment of the University of Limerick?