Oireachtas Joint and Select Committees
Thursday, 11 October 2012
Public Accounts Committee
Public Service Agreement 2010-14: Discussion with Implementation Body
12:50 pm
Eoghan Murphy (Dublin South East, Fine Gael)
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Grant Thornton's report reads: "We are satisfied that the reasons for undervaluing the declared savings are adequate and understandable". Grant Thornton seems to be stating that, while it agrees with the initial estimates, it was required to increase the estimates in line with the Department of Finance guidelines. We are building our savings when one Department does not believe they are justified and an independent consultant understands that Department's point.