Dáil debates

Wednesday, 24 June 2015

11:55 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

There is a permanent team of staff from the Comptroller and Auditor General’s office based in NAMA which has unrestricted access to all its records and files, including those relating to all transactions. If there is a concern about any aspect of NAMA’s work - the Deputy mentioned one earlier- it is within the power of the Comptroller and Auditor General to have it scrutinised and investigated.

The Comptroller and Auditor General has produced three special reports already on NAMA’s activities which have been broadly positive in their assessment of how the agency is managing the complex business of the extensive portfolio it acquired. Those reports were generally positive about the management of its business and its conduct.

All Comptroller and Auditor General’s reports on NAMA have been subject to the full scrutiny by the Committee of Public Accounts. These reports are available on the NAMA website for everyone to see. I understand the Comptroller and Auditor General will commence work shortly on his fourth special report on NAMA. In the sense of accountability and public transparency, the independent watchdog of the Dáil, namely, the Committee of Public Accounts, has considered these reports. The Comptroller and Auditor General has a permanent staff in NAMA with access to all files without restriction.

Three reports, broadly supportive of the work being done, have been published to date on the website and the fourth report has been commenced.

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