Oireachtas Joint and Select Committees

Thursday, 17 December 2020

Public Accounts Committee

Caranua: Financial Statements 2019

11:30 am

Mr. Seamus McCarthy:

Maybe I could offer the Deputy something on that. In the context of a statement of internal control, one cannot get absolute assurance. It is just not possible. The phrase that is conventionally used is that the system of control provides a reasonable level of assurance. It cannot be an absolute one.