Oireachtas Joint and Select Committees

Wednesday, 9 July 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

Irish Auditing and Accounting Supervisory Authority: Engagement with Chairperson

2:00 am

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

The other question I want to ask is about companies operating outside the country, for example, the Carillion situation, where that company operated under UK audit oversight. That obviously cost millions upon millions. Contractors and subcontractors were deeply impacted by that, as well as employees of those companies. What do we have in place in that regard? What kind of collaboration do we have with the UK? Let us say a firm that is based somewhere else enters into a PPP or whatever with the Government, how do we know that the auditing has been done in those companies? Are there double-checks on the auditing from here before they are taken on or before they are given public contracts here?

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