Dáil debates

Thursday, 5 November 2009

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage

 

11:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

By way of clarification, that they are not audited accounts is all the more reason they should be able to be provided to the Minister within a far shorter period than three months. In fact, in the business world a company of comparable size to NAMA would have its audit completed within a month of the year end and would have the accounts published within two to three months of the accounting year end. Here we have accounts that are unaudited which, effectively, take the form of management accounts, which will be produced by NAMA itself, and we must wait a three-month period.

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