Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail)
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The only iconic thing about this is the breathtaking lack of ability to name the cost of the mistake. It is a simple question. How much did it cost? We accept a mistake was made. We have difficulties around having full public accountability because of legal actions. I accept that. Unfortunately I will not have time to talk about that. There will be an opportunity in the future when the legal proceeding are no longer a restriction for us to have full public accountability on this hearing. I have no doubt that members of the committee will pursue that. We are asking today that the witnesses respond to their decision to carry out an internal report which questioned the process. Do they believe, after paying KPMG a significant amount of money, that they paid in excess of market value and by how much? There is a numerical answer to that question.