Oireachtas Joint and Select Committees
Thursday, 31 January 2019
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
There is a distinction there in that many of the agencies just deviate on the pensions point. There is a wider extent of deviation for hospitals. They operate a capital income and expenditure account as well as a normal recurrent income and expenditure account. Depreciation is not applied and so on. It is a clear audit opinion but in the context of a particular accounting framework.