Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Mr. Paul Lemass:

On the Department's part, we were unhappy with the way this transaction occurred. That is why the Department took the action it took to pause the funding. It paused two sets of funding. One relating to the energy efficiency and decarbonisation project, and the second one which was part of the devolved grant. The Department continued to pause that funding until such time as it had been assured by the independent external auditor of the internal audit committee in UL that all of the recommendations identified in the KPMG report had been implemented and that the university's governing authority assessment was the accurate assessment.