Mr. Robert Watt:

Yes. There are significant costs of more than €100 million across the financial management and shared service system. It is not for me to set out the committee's work programme. However, it would be of benefit, and I would welcome the opportunity, to at some stage have a separate conversation about what moving to the type of accounting system we are talking about would mean, and I am sure the Comptroller and Auditor General would help with that.

Elements of this conversation relate to the system and it is a fundamental change. In the accounts, there are various elements of accruals with regard to the operating costs statement and balance sheet. We will move to a fully integrated system. In effect, two sets of accounts would be presented to the Dáil on budget today, namely, a cash-based account and a financial account. It will be a very different world. It might be something that could be addressed in the future.