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
Mr. Gabriel Makhlouf:
It worked for a long time but it involved checking at the end of the day. It made certain assumptions that other checks had been made by others. What we have now done is changed our process, along with the Department changing its process. I am satisfied that the end-to-end process, which involves making checks before we make payments, will ensure the incident is not repeated.