Mr. Niall Kelly:

I do not have the McGee report in front of me but the first paragraph points out that there are serious risks and serious breaches of financial procedures. Even if it was a review, I believe this should have gone immediately to internal audit and we should have been allowed to do a full audit to go in to the depth required at that stage in 2008, rather than waiting several years. Mr. Ruane has just handed me the McGee report: "Our examination and review have uncovered discrepancies in compliance to public financial procedures and exposes the organisation to substantial risk in terms of the internal control environment and governance environment as applied to Templemore college." Given this sentence in the report, I believe that internal audit should have been informed immediately at that stage.