Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Colm Burke (Cork North Central, Fine Gael)
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I fully accept that, but we do not have an idea of the net figure. In fact, in this case, PwC was the auditor of a company that ended up with a liability to the taxpayer of €1.1 billion and we may be recovering as little as 4% as a result of what occurred.