Oireachtas Joint and Select Committees

Thursday, 6 November 2025

Public Accounts Committee

Financial Statements 2024: Uisce Éireann

2:00 am

Mr. Chris McCarthy:

The difference between local authorities and us as a commercial semi-State is that we operate under current accounting, that is, international financial reporting standards, IFRS, accounting, hence the auditors and so forth. That is probably the difference. From our own perspective, we do a wraparound scheme. When they come across, they get a wraparound scheme, we protect them, they are protected on the historical-----

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