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

I understand where Mr. Beausang is coming from but I believe it is of value. The UK is providing more information and, as an accountant, I am fearful when dealing with cash accounting or a central fund that not all the data is there and that there are significant liabilities. Sometimes, when the appropriation accounts come to us, we find ourselves searching through notes within those accounts to assess contingent liabilities. That poses risks in terms of transparency and assessing how the State is doing. We have a lot of improvement to make in those key reporting requirements.