Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Seamus McCarthy:

The term "value for money examination" is not used specifically in section 9 of the Act. It is used in the headline, if one likes. It is used to summarise it. Value for money is made up of different things. Under section 9, I am required or enabled to examine whether a public body disposing of resources or assets effected that disposal "upon the most favourable terms reasonably obtainable". I think I have done that.