Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Even then, there are huge risks in terms of a cash basis for someone reading the accounts, interpreting the information, and assessing the data. There are shocks and liabilities. One can see that in recognising the valuation for fixed asset holdings and contingent liabilities that might be associated with them, when one tries forensically to go through notes attached to different appropriation accounts. In adopting an accrual base, I would like to hear more confidence from the Department that progress is being made on this. Is there an implementation group which is looking at this, both in bringing the date forward and changing the scope to ensure that more data and information are available?