Oireachtas Joint and Select Committees
Thursday, 13 June 2019
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
There is generally provision or recognition internationally that different formats of accounting may be specified and may be required by law. It is perfectly acceptable from a professional point of view for somebody to prepare a set of financial statements in compliance with what is non-GAAP or generally accepted accounting policies format. There is no difficulty, from a professional point of view, with the accountants in the HSE preparing the statements in this fashion or with me giving an opinion. I have given a clear audit opinion here because they have been properly prepared in accordance with the accounting standards specified by the Minister.