Oireachtas Joint and Select Committees

Thursday, 13 June 2019

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

The original problem was a genuine error. Somebody did not understand that given the scale of the contracts, they should have been advertised in the EU Journal and should have been disclosed in last year's financial statements. When they were assessed, it was regarded as a technical issue, but they should still have been brought to the attention of NAMA's audit committee, my office and the other commercial auditors.