Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
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I will address the Accounting Officer on that point. In section 6.5 on page 39 of the appropriation account, he deals with, under the redress scheme, the issue of the contingent liability. Many payments were made up to the end of 2015. There are still some outstanding and categorised as a contingent liability.

My question relates to amounts that are expected to be paid by the institutions to the State. Does the Department have a corresponding figure for a contingent asset? How does the Department account for what it hopes to get but has not yet received? I want to know the accounting position because we have asked this question of other Departments.