Oireachtas Joint and Select Committees

Thursday, 23 February 2023

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

Up to 2015, inclusive, Teagasc and Moorepark had separate accounts. In 2016 they consolidated and presented group accounts. So, the results of Moorepark had been incorporated into the accounting of Teagasc. It felt that submitting the Teagasc group accounts satisfied the obligation, but in fact the law required it to present both sets of financial statements.