Results 19,061-19,080 of 26,148 for speaker:Kieran O'Donnell

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: Would it be fair to say that a third of the required bodies have delivered their statements on time?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: They are supposed to deliver. What is the timescale? Are they typically supposed to be delivered in December?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: Within six months.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: Two months.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: When are you required to get them?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: The six months at the end of the year means the bodies are required to publish audited statements by 30 June.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: How many of those bodies currently publish their statements by 30 June?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: Strictly speaking, they should be doing it within six months.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: How many of them are meeting the requirement? Did Mr. McCarthy say 71?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: That is 30%. That means 70% of bodies in the main do not provide their audited statements-----

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: ----to the Comptroller and Auditor General.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: To whom are they to give them by 30 June?

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: That means that 70% of bodies are not presenting audited statements to individual Ministries at the current time.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: With due respect, I came from the private sector. There are constraints in many private companies in terms of meeting deadlines. The Chairman will be well aware of this. There are small companies which cannot meet their filing requirements within nine months and run the risk of being struck off. Suddenly, there is a situation where taxpayers' money is tied up in various bodies. I am not...

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: Six years.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: They are different.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: With due respect, when we see things being filed late, invariably they are VECs and various different bodies. They have reasonable budgets and I have no doubt the bulk of them have in-house accountants. This is basic corporate governance and meeting deadlines. The worry is the same application of deadlines which are applied by the State to private companies is not being applied in the same...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: When is it anticipated that it will be up and running and people will be making applications to Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I have one final question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Yes. I appreciate that it is almost 6 p.m. The first time Mr. Boucher came before a committee was in July 2008 when the banks were going through a very difficult time. How have practices changed in Bank of Ireland? What has it learned from the experience? What is now being done differently? What is happening that was not happening then?