Oireachtas Joint and Select Committees

Thursday, 20 November 2025

Public Accounts Committee

Exceptional Funding of the Peter McVerry Trust: Discussion

2:00 am

Mr. Tony O'Brien:

The former chair and the former board have been discussed today. In 2023, having previously been advised by the external auditors of an original set of accounts for 2022, which were then revised and which we have revised again, they got a pretty big shock when they realised how far away from the truth those accounts actually were. If they had been acting purely out of self-interest, they would have just walked out the door. We acknowledge in our directors' report that they sought to address the issues they were confronted with and stayed long enough to see an appropriate transition to a new board, which was important because had they-----

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