Oireachtas Joint and Select Committees
Thursday, 23 February 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General - Chapter 14: Assessment and Collection of Insurance Compensation Fund Levies
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer
9:30 am
Mr. Seamus McCarthy:
One of the reasons that I wanted to do the chapter in 2020 was because I felt that the way in which the account is presented is not easy to understand, in terms of seeing what the balances are that are due to the Minster, where the cash is and so on. One of the things that is missing is accounting policies. I cannot say now that the accounting policy here means that the committee will see this figure next year. However, it is certainly open to the committee to request that there be proper transparency in the financial statements for 2022.