Oireachtas Joint and Select Committees
Wednesday, 29 March 2017
Public Accounts Committee
HEA - Financial Statement 2015
10:00 am
Dr. Graham Love:
I will make a comment and then I will ask Mr. Brownlee to follow. We do have those powers, particularly in the institute of technology sector where our empowering legislation is stronger. We have the capacity to go in and commission reviews, etc. A lot of what we are discussing is a system under strain in the main, as opposed to a system that has actively sought to do something wrong. We have identified quite explicitly in the documentation some of the issues being experienced in these institutes, but also the interventions we are making to help them get back on track. We have sent in financial expertise that helps these institutions to design their recovery plans and get them back to a balanced budget by a particular point in time. We have provided other assistance. I do not know if Mr. Brownlee would like to add to that.