Mr. Seamus McCarthy:

In the context of the 2011 financial statements of County Cork VEC I have asked for all of the issues that arise in the various correspondence to be examined from a current perspective. I have not initiated an investigation of the history of each of the cases but anything that looked like a systemic issue is being addressed in the context of the 2011 audit. As a result, the completion of the audit has been significantly delayed. We are still awaiting certain explanations and further matters require investigation and to be finalised. I expect at this stage that there will be a report on all those matters.