Oireachtas Joint and Select Committees
Thursday, 21 September 2017
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
Let me give a couple of pieces of information. First, I have no audit role in relation to IBRC. I think that was what the Minister was referring to. However, I am doing a chapter which will be published next week on the costs of banking stabilisation, which is something we have gone back to a number of times. Obviously, the cost of the IBRC engagement to the State is there. Another point that the committee may wish to consider is that, if there is a surplus at the end from IBRC, it will accrue to the Exchequer.