Oireachtas Joint and Select Committees
Thursday, 15 May 2025
Public Accounts Committee
Business of Committee
2:00 am
Mr. Seamus McCarthy:
No. 20 is Laois and Offaly Education and Training Board, which received a clear audit opinion. No. 21 is Atlantic Technological University, which received a clear audit opinion but I drew attention to a bad debt provision of €371,000 relating to patents and licence fees due from a company in which the university had a minority shareholding and which has subsequently gone into liquidation. In that case, attention was drawn to a material level of procurement non-compliance totalling €1.1 million. No. 22 is the South East Technological University, which received a clear audit opinion. No. 23 is St. Angela's College and involved the cessation or final accounts for St. Angela's College, which has been merged into Atlantic Technological University. St. Angela's College received a clear audit opinion.
No. 24 is Louth and Meath Education and Training Board, which received a clear audit opinion but attention is drawn to the impact of the delay in the purchase of a property for €6.5 million where the funds have been held in a non-interest-bearing account since September 2023. I understand that those funds are still in a non-interest-bearing account. The transaction has not been completed.
No. 25 is the Ireland-United States Commission for Educational Exchange financial statements for 2023-24. They received a clear audit opinion. No. 26 is the Ireland-United States Educational Fund. This account relates to 2023. That received a clear audit opinion. This is the end of the education sector.
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