Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Professor Shane Kilcommins:

I read the report in person last week. There were obviously serious concerns raised, and they were investigated. They were investigated having regard to due diligence, valuations, structural advice that was offered and the approval process that was followed. Findings of fact have been made. The Deputy has read them and I have read them for the first time. A series of recommendations was also made. Those have all been followed up and implemented. The next step for us is to get out in front of it, and the Deputy is right that about that, but we cannot get out in front of it while it remains sub judice. We are going to have to look at the next steps for us. It is sub judice. We cannot work beyond that.