Oireachtas Joint and Select Committees

Thursday, 23 February 2017

Joint Oireachtas Committee on Social Protection

Money Advice and Budgeting Service Restructuring: Discussion

10:00 am

Ms Ita Mangan:

There will be less expenditure on compliance costs and on administration. All the administration of the companies will be centralised. Currently, we have 93 different payroll systems and HR systems in operation. Every one of those companies is paying audit fees to an auditor, as they are required to do under company law.