Oireachtas Joint and Select Committees

Thursday, 25 April 2024

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

Yes. It was an accounting issue about the valuation of canals. It changed the way it was accounting for the canals in the 2021 financial statements. Effectively, there was a long delay while that whole process was being worked out and it delayed the completion of the 2021 audit, but it was resolved in 2021. There was no matter carrying forward to 2022.